Primaris REIT Prices $200 Million Debenture Offering-February 2024-www.financetom.com

Primaris REIT Prices $200 Million Debenture Offering

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Primaris REIT Prices $200 Million Debenture Offering

Feb 19, 2025 7:38 AM

10:25 AM EST, 02/19/2025 (MT Newswires) -- Primaris Real Estate Investment Trust (PMZ-UN.TO) on Wednesday said it has priced a private placement of $200 million in senior unsecured debentures, maturing March 1, 2031.

The debentures will be issued at a price of $999.99 per $1,000 principal amount and bear interest at 4.468% per annum. They have been assigned a provisional rating by DBRS of BBB (high).

Proceeds will be used to repay existing indebtedness. The offering is expected to close about Feb. 20.

Primaris was last seen unchanged -- having been down $0.13, to $15.57, on the Toronto Stock Exchange a short time ago.

Price: 15.45, Change: +0.01, Percent Change: +0.06

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