First Capital Realty To Raise $112M

First Capital Realtywill issue debentures worth about $112.1 million. The public offering of Series M senior unsecured debentures will have an 5.60% interest rate and will be due on April 30, 2020.

A syndicate of underwriters co-led byTD SecuritiesandRBC Capital Marketshas been hired for the issue. The net proceeds will be used by the Canadian owner, developer and operator of supermarket and community shopping centers for development and redevelopment activities, along with acquisitions.

Click here for the release fromFirst Capital Realty.