FINWIRES · TerminalLIVE
FINWIRES

Nexus Industrial REIT Completes Its $500-Million Inaugural Unsecured Debenture Offering

-- Nexus Industrial REIT (NXR-UN.TO) on Tuesday said it completed an offering of $500-million of senior unsecured debentures.

The REIT said that the offering consisted of $300 million of Series A Debentures maturing April 14, 2029 and $200 million of Series B Debentures maturing April 14, 2031.

The Series A Debentures bear interest at a fixed annual rate of 4.236% per year, and the Series B Debentures bear interest at a fixed annual rate of 4.641% per year.

The REIT added that Morningstar DBRS has provided it with a credit rating of BBB (low) with a Stable trend relating to the Debentures.

The REIT plans to use the net proceeds to repay existing indebtedness and for general trust purposes.

The REIT's units were last seen up $0.10 to $7.96 on the Toronto Stock Exchange.

Price: $7.96, Change: $+0.10, Percent Change: +1.27%

Related Articles

Australia

Jefferies Raises Quest Diagnostics Price Target to $225 From $220

Quest Diagnostics (DGX) has an average rating of overweight and mean price target of $219, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $204.33, Change: $+8.02, Percent Change: +4.09%

$DGX
Australia

Truist Securities Cuts Tractor Supply Price Target to $44 From $55, Hold Rating Kept

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $56.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.92, Change: $-4.90, Percent Change: -10.92%

$TSCO
Sectors

Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index was climbing 1.8%, while the Dow Jones US Utilities Index fell 1.3%.Front-month West Texas Intermediate crude oil was rising 4.8% to $93.94 a barrel, and the global benchmark Brent crude contract was advancing 4.4% to $99.68 a barrel. Henry Hub natural gas futures increased 0.3% to $2.70 per 1 million BTU.In corporate news, Halliburton (HAL) shares gained 4.1% after it reported lower Q1 adjusted net income and revenue that still topped analysts' expectations.

$HAL