DBRS Rates Cominar REIT’s $100 Million Series 3 Senior Unsecured Debentures at BBB (low), Stable

DBRS has today assigned a rating of BBB (low), with a Stable trend, to $100 million of 4.00% Series 3 senior unsecured debentures due November 2, 2020 (the Bonds), issued by Cominar Real Estate Investment Trust (Cominar).

The Bonds are direct senior unsecured obligation of Cominar and rank equally and rateably with other unsecured and unsubordinated indebtedness of Cominar. Cominar intends to use the proceeds from the offering to repay amounts outstanding under its credit facility and for general trust purposes.

Note:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Real Estate Entities, which can be found on our website under Methodologies.