Plaza Retail REIT Completes Bought Deal Offering of Debentures
|Areas||Corporate Finance and Securities, Tax|
Goodmans represented the issuer, Plaza Retail REIT ("Plaza" or the "REIT") (TSX: PLZ.UN) in connection with its bought deal public offering of $47,250,000 aggregate principal amount of 5.10% convertible unsecured subordinated debentures due March 31, 2023, including the exercise of the over-allotment option in full. The underwriting syndicate for the offering was led by RBC Capital Markets. The debentures are convertible, at the option of the holder, into trust units of the REIT at $5.65 per trust unit.