/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
TORONTO, June 12,
2024 /CNW/ - First Capital Real Estate Investment
Trust ("First Capital" or the "REIT") (TSX: FCR.UN) announced today
that it has closed its previously announced offering (the
"Offering") of C$300 million
aggregate principal amount of Series C senior unsecured debentures
(the "Debentures") on a private placement basis.
The Debentures were offered on an agency basis by a syndicate of
agents co‐led by RBC Capital Markets, Desjardins Capital Markets
and TD Securities. The Debentures were issued at par, bear interest
at a rate of 5.455% per annum and will mature on June 12, 2032.
The Debentures are rated "BBB (positive)" by Morningstar
DBRS.
The net proceeds of the Offering will be used to repay existing
debt.
The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold
in the United States 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 securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About First Capital REIT (TSX: FCR.UN)
First Capital owns, operates and develops grocery-anchored,
open-air centres in neighbourhoods with the strongest demographics
in Canada.
Forward‐looking Statement Advisory
This press release contains forward‐looking statements and
information within the meaning of applicable securities laws,
including statements about the use of proceeds from the Offering.
These forward‐looking statements are not historical facts but,
rather, reflect First Capital's current expectations and are
subject to risks and uncertainties that could cause the outcome to
differ materially from current expectations. Such risks and
uncertainties include those discussed in First Capital's
Management's Discussion and Analysis for the year ended
December 31, 2023 and for the quarter
ended March 31, 2024 and in its
current Annual Information Form. Readers, therefore, should not
place undue reliance on any such forward‐looking statements. First
Capital undertakes no obligation, except as required by applicable
securities laws, to publicly update or revise any such
forward‐looking statement, whether as a result of new information,
future events or otherwise. All forward‐looking statements in this
press release are made as of the date hereof and are qualified by
these cautionary statements.
www.fcr.ca
TSX: FCR.UN
SOURCE First Capital Real Estate Investment Trust
