Allied Properties REIT Completes $300 Million Debt Offering
Allied Properties Real Estate Investment Trust (“Allied”), a leading owner, manager and developer of distinctive urban workspace in Canada’s major cities and network-dense urban data centres in Toronto, recently completed a $300 million debt offering of 3.113% series E senior unsecured debentures (the “Series E Debentures”).
On October 8, 2019, Allied completed an offering of $300 million aggregate principal amount of Series E Debentures pursuant to a prospectus supplement dated October 2, 2019 to a short form base shelf prospectus dated November 27, 2018. The Series E Debentures were offered on an agency basis by a syndicate of agents led by Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc.
Aird & Berlis LLP represented Allied with a team comprised of Margaret Nelligan, Sherri Altshuler, Anne Miatello, Melanie Cole, Liam Tracey-Raymont, Amy Marcen-Gaudaur and Meredith McCann (corporate and securities), Mike Smith, Neill Kalvin and Zale Skolnik (real estate), and Barbara Worndl (tax).