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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

H&R REIT Completes $300 Million Financing in Series C Bonds Secured by the Bow

2013

Areas Commercial Real Estate, Corporate and Commercial, Corporate Finance and Securities, REITs and Income Securities

Summary

Goodmans represented H&R Real Estate Investment Trust ("H&R REIT") through its wholly owned entity Bow Centre Street Limited Partnership in its completion on a private placement basis, of a third series of first mortgage bonds totaling $300 million secured by The Bow, Calgary, Alberta. The Series C Bonds are comprised of $300 million, 10 year term, semi-annual interest only bonds bearing interest at a rate of 3.797% and maturing on June 13, 2023. H&R REIT intends to use the proceeds from the Bonds to repay indebtedness and for its acquisition of Peter Pond Mall in Fort McMurray, Alberta. The Series C Bonds have achieved a provisional rating of A by DBRS.

RBC Dominion Securities, together with CIBC World Markets, TD Securities and Scotia Capital, acted as agents for the Offering of the Series C Bonds.

H&R REIT is an open-ended real estate investment trust, which owns a North American portfolio of 40 office, 112 industrial, 163 retail properties comprising over 53 million square feet, and 3 development projects with a fair value of approximately $13 billion.