RioCan Real Estate Investment Trust
TSX : REI.UN

RioCan Real Estate Investment Trust

April 03, 2009 08:42 ET

RioCan Real Estate Investment Trust Closes $180 Million Series L Senior Unsecured Debenture Issue

TORONTO, ONTARIO--(Marketwire - April 3, 2009) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that it has closed the $180 million principal amount of Series L senior unsecured debentures issue announced on March 30, 2009. Maturing on April 3, 2014, these debentures carry a coupon rate of 8.33%. The debentures were sold on an underwritten basis by a syndicate led by RBC Capital Markets.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities in any jurisdiction. The debentures being offered have not been and will not be registered under the U.S. Securities Act of 1933 and state securities laws. Accordingly, the debentures may not be offered or sold to U.S. persons except pursuant to applicable exemptions from registration requirements.

About RioCan

RioCan is Canada's largest real estate investment trust with a total market capitalization of approximately $6.3 billion as at December 31, 2008. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 247 retail properties, including 13 under development, containing an aggregate of over 59 million square feet. For further information, please refer to RioCan's website at www.riocan.com.

Contact Information

  • RioCan Real Estate Investment Trust
    Rags Davloor
    Senior Vice President & CFO
    (416) 642-3554
    www.riocan.com