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Financings

First Capital completes $250-million debenture offering

By The Northwire Desk — AI Analysis Nov 14, 2025 · 16:28 FCR · 19.31 First Capital Real Estate Investment Trust

FCR · Price

Executive Summary

First Capital Real Estate Investment Trust has closed a private placement offering of C$250 million in aggregate principal amount of Series F senior unsecured debentures.
The debentures carry a 4.461% annual interest rate, mature on February 15, 2034, and are rated BBB with a positive outlook by Morningstar DBRS.
Net proceeds will be utilized to repay existing debt and for general business purposes.

Key Details

Transaction Size: C$250 million aggregate principal amount.
Instrument: Series F Senior Unsecured Debentures.
Issuance Basis: Private placement.
Agents: Syndicate co-led by TD Securities, Desjardins Capital Markets, and RBC Capital Markets.
Issue Price: $99.982 per $100.00 principal amount.
Interest Rate: 4.461% per annum.
Maturity Date: February 15, 2034.
Credit Rating: BBB with a positive rating outlook (Morningstar DBRS).
Use of Proceeds: Repayment of existing debt and general business purposes.

Read the original news release →

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