Northwire Canada EditionTuesday, July 14, 2026
Sign inSubscribe
Northwire
⌕
WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8% WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8%
Financings

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

By The Northwire Desk — AI Analysis Nov 12, 2025 · 18:24 FCR · 19.46 FIRST CAPITAL REALTY INC.
FCR · Price

Executive Summary

  • First Capital REIT announced a C$250 million private placement of Series F senior unsecured debentures, priced at $99.982 per $100 principal.
  • The debentures carry a 4.461% annual interest rate and mature on February 15, 2034; closing is expected on November 14, 2025 pending customary conditions and a minimum “BBB” rating with a Positive outlook from Morningstar DBRS.
  • Net proceeds will be used to repay existing debt and for general business purposes.

Key Details

  • Aggregate principal amount: C$250 million.
  • Issue price: $99.982 per $100 principal.
  • Interest rate: 4.461% per annum.
  • Maturity date: February 15, 2034.
  • Offering structure: Private placement in each Canadian province; agents co‑led by TD Securities, Desjardins Capital Markets and RBC Capital Markets.
  • Rating requirement: Minimum “BBB” rating with a Positive outlook from Morningstar DBRS at closing.
  • Closing date: Expected November 14, 2025, subject to customary conditions.
  • Use of proceeds: Repayment of existing debt and general business purposes.
  • Security status: Direct unsecured obligations of the REIT, ranking equally with all other present and future unsecured, unsubordinated indebtedness.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

More from FIRST CAPITAL REALTY INC.

Jun 25, 2026 · 17:01

Court approval clears final hurdle for $9.4B privatization, but execution discount persists into Q4 close

M&A / Property Jun 23, 2026 · 17:01

Deal approval clears the final internal hurdle; execution risk remains as stock trades at a discount to the $24.40 implied value.

M&A / Property Jun 15, 2026 · 17:02

Proxy advisors clear the path for a $24.40/unit privatization; deal economics fully priced in.

M&A / Property May 25, 2026 · 17:06

First Capital unitholders face a procedural glidepath to a Q4 2026 close as meeting materials are mailed for the KingSett/Choice Properties takeover; the 17% premium locks in value, leaving little room for dissent or surprise.

M&A / Property Apr 16, 2026 · 07:21

First Capital REIT

M&A / Property Feb 10, 2026 · 17:02

FIRST CAPITAL REIT REPORTS STRONG FOURTH QUARTER AND FULL-YEAR 2025 RESULTS

Earnings