TORONTO, Feb. 28, 2024 /CNW/ - H&R Real Estate Investment Trust ("H&R REIT" or "H&R") (TSX: HR.UN) announced today that it completed its previously announced offering of $250 million principal amount of 5.457% Series T senior unsecured debentures due February 28, 2029 (the "Series T Debentures"). H&R REIT had previously agreed with a syndicate of agents co-led and bookrun by CIBC World Markets Inc., Scotia Capital Inc. and National Bank Financial Inc. and including BMO Capital Markets, RBC Dominion Securities Inc. and TD Securities Inc. to sell the Series T Debentures on a private placement "best efforts" agency basis. The Series T Debentures have been issued for $100.00 per $100.00 principal amount, carry a coupon rate of 5.457% and will mature on February 28, 2029. The net proceeds of the offering will be used for the repayment of outstanding indebtedness and for general trust purposes.
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