TORONTO, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX:AP) announced today that it has agreed to offer, on a private placement basis in each of the provinces and territories of Canada (the "Offering"), $450 million aggregate principal amount of series N senior unsecured debentures that will bear interest at a rate of 4.667% per annum and will mature on September 25, 2031 (the "Debentures").
The Debentures will be issued under Allied's Green Financing Framework (the "Framework"), which is available on Allied's website at https://www.alliedreit.com/company/esg/.
The Debentures will be sold at par with a yield of 4.667% per annum, and are being offered on an agency basis by a syndicate of agents co-led by RBC Capital Markets and Scotiabank and including ATB Capital Markets, CIBC Capital Markets, BMO Capital Markets and TD Securities. Scotiabank and RBC Capital Markets acted as sustainability structuring advisors. Subject to customary closing conditions, the Offering is expected to close on September 25, 2025.
Allied intends to allocate the net proceeds of the Offering toward the financing and/or refinancing of Eligible Green Projects, in line with the Framework. Before allocating the proceeds to these projects, Allied ...
