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Feb 26, 2020

Allied Properties REIT Completes $400 Million Debt Offering

Margaret T. Nelligan, Sherri M. Altshuler, Melanie Cole, Liam Tracey-Raymont, Amy Marcen-Gaudaur, Russell J. Sanders, Meredith McCann, Michael D. Smith, Neill Kalvin and Barbara Worndl

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 $400 million debt offering of 3.117% series F senior unsecured debentures (the “Series E Debentures”).

On February 21, 2020, Allied completed an offering of $400 million aggregate principal amount of Series F Debentures pursuant to a prospectus supplement dated February 6, 2020 to a short form base shelf prospectus dated November 19, 2019. The Series F 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).

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