TSX:CRT.UNRetail REITs
Is CT REIT’s CA$300 Million Debenture Refinancing Altering The Investment Case For TSX:CRT.UN?
CT Real Estate Investment Trust has completed a private placement of CA$300,000,000 in Series K senior unsecured debentures with a 5.5-year term and a 4.357% coupon, rated “BBB” with a stable trend by Morningstar DBRS, to refinance existing debt and for general corporate purposes.
By extending its debt maturity profile and partially repaying maturing Series D debentures and credit facility borrowings, the REIT is refining its capital structure while maintaining access to unsecured funding...