RioCan Real Estate Investment Trust Completes $700 Million Issuance of Series AL and Series AM Senior Unsecured Debentures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
0mins
Source: Businesswire
Debenture Issuance: RioCan Real Estate Investment Trust has successfully issued $700 million in senior unsecured debentures, consisting of $500 million maturing in 2031 and $200 million maturing in 2028, to refinance existing debt and support general business purposes.
Financing Strategy: The Trust has completed financings totaling $1.05 billion since its second quarter results, demonstrating strong access to diversified funding sources and aligning with its strategy to extend maturity terms and increase unsecured debt proportion.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
