08:49 AM EDT, 06/12/2024 (MT Newswires) -- First Capital Real Estate Investment Trust (FCR-UN.TO) said Wednesday that it has completed its $300 million offering of Series C senior unsecured debentures on a private placement basis.

The debentures were issued at par, bear interest at a rate of 5.455% per annum, and will mature on June 12, 2032.

The company plans to use the proceeds to repay existing debt.