Allied Properties REIT Completes $400 Million Debenture Offering

, MT Newswires -  10:56 AM ET 4/7/2025 Company News

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10:56 AM EDT, 04/07/2025 (MT Newswires) -- Allied Properties Real Estate Investment Trust (AP-UN.TO), down 2.5% on last look, said on Monday that it has completed its $400 million unsecured debenture offering in two series, both maturing on April 7, 2027.

Series L debentures, part of an interest rate swap agreement, has an effective fixed interest rate of 4.26% annually, while the Serie M debentures has an interest rate of 4.31%. The debentures, which are rated "BBB" with a Negative trend by Morningstar DBRS, rank equally with all other unsecured indebtedness of Allied that has not been subordinated.

The REIT's shares were last seen down $0.38, to $15.06, on the Toronto Stock Exchange.

Price: 15.15, Change: -0.29, Percent Change: -1.88

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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