TSX:DIR.UNIndustrial REITs
The Bull Case For Dream Industrial REIT (TSX:DIR.UN) Could Change Following Its New CAD$200M Debenture Refinancing Strategy
Earlier this month, Dream Industrial Real Estate Investment Trust completed a CAD$200,000,000 private placement of 4.150% senior unsecured debentures maturing April 22, 2031, using cross-currency swaps to reduce the effective fixed interest rate to 4.003%.
The new Series H Debentures, rated BBB (high) with a Stable Trend and used mainly to refinance existing debt, highlight the REIT’s focus on optimizing its funding mix and extending its maturity profile without adding secured...