$CRT-UN.TO

CT REIT Completes $300 Million Debenture Offering

CT REIT (CRT-UN.TO) has completed its $300 million unsecured debenture offering, the company said on Thursday.The debentures mature on Dec. 5, 2031, and bear interest at 4.357% per annum. Proceeds will be used to pay down debt, including the $200 million Series D Debentures, which mature on June 1. The balance of the proceeds will be used for general business purposes, a statement said.The Series K debentures, which have been rated "BBB" with a stable trend by Morningstar DBRS, are direct senior unsecured obligations of CT REIT.CT REIT units were last seen up $0.02 at $17.82 on the Toronto Stock Exchange.Price: $17.83, Change: $+0.03, Percent Change: +0.17%

CT Real Estate Investment Trust Announces Offering of $300 Million 4.357% Series K Senior Unsecured Debentures due Dec. 5, 2031

CT Real Estate Investment Trust (CRT-UN.TO) agreed to issue, on a private placement basis in each of the provinces of Canada, $300 million aggregate principal amount of series K senior unsecured debentures with a 5.5-year term and a coupon of 4.357% per annum, it said on Thursday.CT REIT plans to use the net proceeds of the debenture offering for the repayment of existing indebtedness, including the outstanding $200 million Series D Debentures, which mature on June 1, 2026, to pay down amounts owing under its credit facilities, and to retain the balance of the proceeds for general business purposes.The debenture offering will be on an agency basis led by RBC Capital Markets and CIBC Capital Markets, and is expected to close on or about May 28, 2026, subject to customary closing conditions."It is expected that the Series K Debentures will be rated "BBB" with a stable trend by Morningstar DBRS," added CT REIT. "The Series K Debentures will be direct senior unsecured obligations of CT REIT."

Earnings Flash (CRT-UN.TO) CT REIT Reports Q1 Adjusted FFO Per Unit Diluted Near $0.33

Earnings Flash (CRT-UN.TO) CT REIT Announcing a 3.5% Distribution Increase