New deal: SmartStop REIT max. C$200M 5 +112-115
ByAinvest
Friday, Sep 19, 2025 11:47 am ET1min read
New deal: SmartStop REIT max. C$200M 5 +112-115
RioCan Real Estate Investment Trust (TSX: REI.UN:CA) has announced a significant financing move, agreeing to issue $200 million in Series AP senior unsecured debentures. The debentures will be sold at a price of $100 per $100 principal amount, with a coupon rate of 4.417% per annum, and will mature on October 1, 2032 .The net proceeds from the debentures will primarily be used to repay existing indebtedness at or prior to maturity. Any remaining funds will be allocated for general business purposes. This move underscores RioCan REIT's strategy to manage its debt profile and maintain financial flexibility.
The offering aligns with RioCan REIT's ongoing efforts to enhance its balance sheet and support its long-term growth plans. The trust has been recognized for its dividend potential, making it one of the top dividend payers in North America .
Investors and financial professionals should closely monitor this development, as it provides insights into RioCan REIT's debt management strategy and its overall financial health. The trust's ability to secure financing at favorable terms reflects positively on its creditworthiness and market standing.
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