SmartCentres Real Estate Investment Trust Announces $350 Million Series AA Senior Unsecured Debenture Issue

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

TORONTO, July 18, 2024 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today that it has priced an offering of $350 million aggregate principal amount of 5.162% Series AA senior unsecured debentures on an agency basis. The Series AA debentures will mature on August 1, 2030. The debentures are being offered by a syndicate of agents with Scotiabank, CIBC Capital Markets, Desjardins Securities, RBC Capital Markets and TD Securities as joint bookrunners, and National Bank Financial, Mizuho Securities, BMO Capital Markets and Casgrain as co-managers. The offering is expected to close on or about August 1, 2024. Morningstar DBRS has provided SmartCentres with a provisional credit rating of BBB with a stable trend relating to the debentures.