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Financings

First Capital REIT Announces Completion of C$250 Million Offering of Series F Senior Unsecured Debentures

By The Northwire Desk — AI Analysis Nov 14, 2025 · 08:55 FCR · 19.25 FIRST CAPITAL REALTY INC.
FCR · Price

Executive Summary

  • First Capital REIT closed a C$250 million private placement of Series F senior unsecured debentures.
  • The debentures were issued at $99.982 per $100 principal, carry 4.461% annual interest and mature on 15 Feb 2034.
  • Net proceeds will be used to repay existing debt and for general business purposes.

Key Details

  • Offering Size: C$250 million aggregate principal amount.
  • Pricing: Issued at $99.982 per $100.00 principal (approximately 99.98% of par).
  • Interest Rate: 4.461% per annum, fixed.
  • Maturity Date: 15 February 2034.
  • Rating: BBB with a “Positive” outlook from Morningstar DBRS.
  • Placement Structure: Private placement on an agency basis; syndicate co‑led by TD Securities, Desjardins Capital Markets and RBC Capital Markets.
  • Use of Proceeds: Repayment of existing debt and general business purposes.
  • Regulatory Note: Securities not registered under the U.S. Securities Act; offering limited to jurisdictions where lawful.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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