10:18 AM EDT, 08/01/2024 (MT Newswires) -- SmartCentres Real Estate Investment Trust (SRU-UN.TO) on Thursday closed its its prior announced private placement of $350 million of Series AA senior unsecured debenture offering. The debentures will mature on August 1, 2030.

Proceeds will be used to refinance existing debt, including the repayment of SmartCentres' $100 million Series O senior unsecured debentures due August 28, 2024, and for general corporate purposes.

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