CT Real Estate Investment Trust (CT REIT) announced the pricing of a public offering of $300 million aggregate principal amount of 4.357% Series K senior unsecured debentures due December 5, 2031. The offering is expected to close on or about May 28, 2026, subject to customary closing conditions.
The debentures will bear interest at a rate of 4.357% per annum, payable semi-annually in arrears on June 5 and December 5 of each year, beginning December 5, 2026. The net proceeds from the offering are intended to be used for general trust purposes, which may include the repayment of existing indebtedness and the funding of future acquisitions.
CT REIT is a real estate investment trust that owns a portfolio of properties primarily leased to Canadian Tire Corporation and its affiliates. The offering is being made through a syndicate of underwriters led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., and TD Securities Inc.
