First Capital Real Estate Investment Trust has successfully closed a private placement offering of C$300 million aggregate principal amount of Series E senior unsecured debentures. The securities were issued at par (C$100 per C$100 principal), carry a coupon rate of 4.832 percent per annum, and mature on?June?13,?2033. The offering was led by a syndicate co-headed by Desjardins Capital Markets, RBC Capital Markets and TD Securities.

The net proceeds will be used to repay existing debt—including fully retiring the REIT’s C$300?million Series?S debentures due July?31,?2025—and for general corporate purposes.