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 3.131% series G senior unsecured debentures (the “Series G Debentures”).
On May 15, 2020, Allied completed an offering of $300 million aggregate principal amount of Series G Debentures pursuant to a prospectus supplement dated May 12, 2020 to a short form base shelf prospectus dated November 19, 2019. The Series G 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, Russell Sanders and Meredith McCann (corporate and securities), Mike Smith, Neill Kalvin and Zale Skolnik (real estate) and Barbara Worndl (tax).