Allied: Allied Announces $400 Million Offering of Senior Unsecured Debentures

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICATORONTO, March 26, 2025 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX:AP) announced today that it has agreed to offer, on a private placement basis in each of the provinces and territories of Canada (the "Offering"), $400 million aggregate principal amount of senior unsecured debentures in two series. The Offering includes (i) $150 million aggregate principal amount of series L senior unsecured debentures that will bear interest at Daily Compounded CORRA plus 1.80% per annum, payable quarterly in arrears, and will mature on April 7, 2027 (the "Series L Debentures"), and (ii) $250 million aggregate principal amount of series M senior unsecured debentures that will bear interest at a rate of 4.312% per annum, mature on April 7, 2027 and be sold at par (the "Series M Debentures" and, together with the Series L Debentures, the "Debentures").The Debentures are being offered on an agency basis by a syndicate of agents co-led by BMO Capital Markets, Scotiabank, RBC Capital Markets and CIBC Capital Markets, and including TD ...Full story available on Benzinga.com