SmartCentrest Real Estate Investment Trust announced $500 million ac and a series of unsecured secured bonds
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Not for distribution in the United States or over United States Wire services
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Toronto – Smartcentres Real Investrust Trust (“Smartcentres” or “TRTX”) (TSX: Sru.un) Capital amount of $ 250 million agcurate acc Dividend desen design by agency. CECICE’s AC bonds will mature on June 12, 2029 and the series bonds will mature on June 12, 2032. ScotiaBank markets, RBC markets, NATUSH markets, BMO markets, BMO markets as CO -ER Managers. The two offerings are expected to close on November 12, 2025. Morningstar DBRS has rated SmartCentres with an interim credit rating of BBB with a stable credit rating.
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Smartcentres intends to use the proceeds to service existing debt, including its top 350 million repayments
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This offering is made in the form of a private placement to certain accredited investors in each province and territory of Canada.
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This press release shall not constitute a prospect for the sale of, or solicitation of an offer to purchase, any security in any jurisdiction. The bonds offered have not been registered under the US Securities Act of 1933 and the State Securities Act. Accordingly, the bonds may not be offered or sold to US persons without following an applicable exemption from registration requirements.
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About SmartCentres
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SmartCentresres is one of Canada’s largest fully integrated funds, with a class-leading and integrated portfolio of 197 well-established community centers across the country. SmartCentresres has $ 12.0 billion in assets that include revenue sales, commercial leasing, primary office and storage facilities. Smartcentres owns 35.6 million square feet of space, 98.6% of which is in the area and has built a living space, on 3,500 acres of Canadian-owned land across Canada.
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For more information, please visit www.smartcentrecress.com.
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Certain statements in this press release are “Forward-Looking Statements” that reflect management’s expectations regarding future growth prospects, operating results, performance opportunities and business opportunities and opportunities and business opportunities and business opportunities and business opportunities and business opportunities and business opportunities and business opportunities and business opportunities and business opportunities and opportunities. In particular, certain statements include, but are not limited to, statements related to the various uses of the offer and the date of the offer is expected, “expect”, “expect”, “expect”, “expect”, “expect”, “expect”, ” These forward-looking statements are presented for the purpose of assisting financial analysts and financial analysts in understanding the nature of the prospect’s performance and may not be suitable for other purposes. Forward-looking statements they reflect management’s current beliefs and are based on information currently available to management.
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However, forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from forward-looking statements, including projected risks, financial interests, and financing costs, as well as the ability to obtain commercial and municipal development funds. These and other risks are discussed more fully under the heading of “risks and uncertainties” elsewhere in the most recent management discussion, and under the headings of “risk” in the SmartCent Form. Although the forward-looking statements contained in this press release are based on what management believes to be reasonable assumptions, SmartCentres cannot assure investors that actual results will be consistent with these forward-looking statements. are forwarded and contained herein fully qualified on the other side of the Cautionary Statement. These forward-looking statements are made as of the date of press release and Smartcentres undertakes no obligation to update or update them to reflect new events or circumstances except as required by applicable security laws.
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Material factors or assumptions used in reaching a conclusion or making an estimate based on forward-looking information may include, but are not limited to: Stable environment; the ongoing trend of land use intensification, including the development of urban areas and the continued growth of transportation facilities; The availability of debt-equity capital markets and acceptable costs, acceptable costs, future capital requirements and enabling our sinking of debts as they mature; The necessary approval of the development will be obtained from the general process, the construction and the approval of the costs corresponding to the previous year and the recent price trends of inflation.
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View the source version at Businesswire.com:
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https://www.businesswire.com/news/home/20251015797237/en/
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Mitchell Goldhar
Executive Chairman and CEO
(905) 326-6400 EXT. 7674
mgildhar@smartcentrecentres.com Peter Slan
Chief Financial Officer
(905) 326-6400 EXT. 7571
Pslan@smartcentcentcer.com#distro
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