{"id":16686,"date":"2014-02-03T03:14:00","date_gmt":"2014-02-03T08:14:00","guid":{"rendered":"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-va-emettre-des-obligations-non-garanties-de-premier-rang-de-serie-c-et-de-serie-d-pour-un-montant-de-450-millions-de-dollars\/"},"modified":"2014-02-03T03:14:00","modified_gmt":"2014-02-03T08:14:00","slug":"choice-properties-real-estate-investment-trust-va-emettre-des-obligations-non-garanties-de-premier-rang-de-serie-c-et-de-serie-d-pour-un-montant-de-450-millions-de-dollars","status":"publish","type":"news-release","link":"https:\/\/www.choicereit.ca\/fr\/news-release\/choice-properties-real-estate-investment-trust-va-emettre-des-obligations-non-garanties-de-premier-rang-de-serie-c-et-de-serie-d-pour-un-montant-de-450-millions-de-dollars\/","title":{"rendered":"Choice Properties Real Estate Investment Trust va \u00e9mettre des obligations non garanties de premier rang de s\u00e9rie C et de s\u00e9rie D pour un montant de 450 millions de dollars"},"content":{"rendered":"<p>\/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN <span class=\"xn-location\">THE UNITED STATES<\/span>.\/<\/p>\n<p><span class=\"xn-location\">BRAMPTON, ON<\/span>, <span class=\"xn-chron\">Feb. 3, 2014<\/span> \/CNW\/ \u2013 Choice Properties Real Estate Investment Trust (\u00ab\u00a0Choice Properties\u00a0\u00bb or the \u00ab\u00a0Trust\u00a0\u00bb) (TSX: CHP.UN) announced today that it has agreed to issue, on an agency basis, <span class=\"xn-money\">$450 million<\/span> aggregate principal amount of senior unsecured debentures (the \u00ab\u00a0Debentures\u00a0\u00bb) of the Trust in two series (the \u00ab\u00a0Debenture Offering\u00a0\u00bb).<\/p>\n<p align=\"justify\">The Debenture Offering is being made under Choice Properties\u2019 short form base shelf prospectus dated <span class=\"xn-chron\">September 3, 2013<\/span>. The terms of the Debenture Offering will be described in a prospectus supplement, dated <span class=\"xn-chron\">February 3, 2014<\/span>, to be filed with Canadian securities regulators in each of the provinces of <span class=\"xn-location\">Canada<\/span>.<\/p>\n<p align=\"justify\">The Debenture Offering is expected to close on <span class=\"xn-chron\">February 6, 2014<\/span>.<\/p>\n<p align=\"justify\">The Debenture Offering includes <span class=\"xn-money\">$250 million<\/span> principal amount of series C senior unsecured debentures with a 7-year term and a coupon of 3.498% per annum and <span class=\"xn-money\">$200 million<\/span> principal amount of series D senior unsecured debentures with a 10-year term and a coupon of 4.293% per annum.  The Debentures have been provisionally rated \u00ab\u00a0BBB\u00a0\u00bb by DBRS Limited and the same rating is expected from Standard and Poor\u2019s Ratings Service.<b> <\/b>The Debentures will rank equally with all other unsecured indebtedness of the Trust that has not been subordinated.<\/p>\n<p align=\"justify\">The net proceeds of the Debenture Offering will be used by the Trust to repay existing indebtedness and for general business purposes.<\/p>\n<p align=\"justify\">The Debentures are being offered on an agency basis co-led by CIBC, RBC Capital Markets, TD Securities and BMO Capital Markets.<\/p>\n<p align=\"justify\">The Debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in <span class=\"xn-location\">the United States<\/span> absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.<\/p>\n<p><b>About Choice Properties Real Estate Investment Trust<\/b><br>Choice Properties Real Estate Investment Trust is an owner, manager and developer of well-located commercial real estate across <span class=\"xn-location\">Canada<\/span>. Choice Properties\u2019 portfolio spans approximately 36.2 million square feet of gross leasable area and consists of 433 properties primarily focused on supermarket-anchored shopping centres and stand-alone supermarkets. Choice Properties\u2019 strategy is to create value by enhancing and optimizing its portfolio through development, acquisitions and active property management. Choice Properties\u2019 principal tenant is Loblaw Companies Limited, <span class=\"xn-location\">Canada\u2019s<\/span> largest food retailer. For more information, visit Choice Properties\u2019 website at <a href=\"http:\/\/www.choicereit.ca\" rel=\"nofollow\">www.choicereit.ca<\/a> and Choice Properties\u2019 issuer profile at <a href=\"http:\/\/www.sedar.com\" rel=\"nofollow\">www.sedar.com<\/a>.<\/p>\n<p><b>Forward -Looking Statements<\/b><br>This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties\u2019 current expectations regarding future events.  Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Choice Properties\u2019 control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under \u00ab\u00a0Risk Factors\u00a0\u00bb in Choice Properties Third Quarter 2013 MD&amp;A, dated <span class=\"xn-chron\">November 8, 2013.<\/span>  Choice Properties does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.<\/p>\n<p>SOURCE  Choice Properties Real Estate Investment Trust<\/p>\n<p><img decoding=\"async\" alt=\"Rt\" src=\"http:\/\/rt.newswire.ca\/rt.gif?NewsItemId=C7043&amp;Transmission_Id=201402031614CANADANWCANADAPR_C7043&amp;DateId=20140203\" style=\"border:0px; width:1px; height:1px;\"><\/p>\n","protected":false},"template":"","class_list":["post-16686","news-release","type-news-release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Choice Properties Real Estate Investment Trust va \u00e9mettre des obligations non garanties de premier rang de s\u00e9rie C et de s\u00e9rie D pour un montant de 450 millions de dollars - Propri\u00e9t\u00e9s DeChoix<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-to-issue-450-million-of-series-c-and-series-d-senior-unsecured-debentures\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Choice Properties Real Estate Investment Trust va \u00e9mettre des obligations non garanties de premier rang de s\u00e9rie C et de s\u00e9rie D pour un montant de 450 millions de dollars\" \/>\n<meta property=\"og:description\" content=\"\/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.\/ BRAMPTON, ON, Feb. 3, 2014 \/CNW\/ \u2013 Choice Properties Real Estate Investment Trust (\u00ab\u00a0Choice Properties\u00a0\u00bb or the \u00ab\u00a0Trust\u00a0\u00bb) (TSX: CHP.UN) announced today that it has agreed to issue, on an agency basis, $450 million aggregate principal amount of senior unsecured debentures [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.choicereit.ca\/news-release\/choice-properties-real-estate-investment-trust-to-issue-450-million-of-series-c-and-series-d-senior-unsecured-debentures\/\" \/>\n<meta property=\"og:site_name\" content=\"Propri\u00e9t\u00e9s DeChoix\" \/>\n<meta property=\"og:image\" content=\"http:\/\/rt.newswire.ca\/rt.gif?NewsItemId=C7043&amp;Transmission_Id=201402031614CANADANWCANADAPR_C7043&amp;DateId=20140203\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.choicereit.ca\\\/news-release\\\/choice-properties-real-estate-investment-trust-to-issue-450-million-of-series-c-and-series-d-senior-unsecured-debentures\\\/\",\"url\":\"https:\\\/\\\/www.choicereit.ca\\\/news-release\\\/choice-properties-real-estate-investment-trust-to-issue-450-million-of-series-c-and-series-d-senior-unsecured-debentures\\\/\",\"name\":\"Choice Properties Real Estate Investment Trust va \u00e9mettre des obligations non garanties de premier rang de s\u00e9rie C et de s\u00e9rie D pour un montant de 450 millions de dollars - 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