DBRS Rates bcIMC Realty’s $350 Million Series 12 Medium-Term Notes and $500 Million Series 13 Medium-Term Notes at AA, Stable

DBRS Limited (DBRS) has today assigned a rating of AA with a Stable trend to bcIMC Realty Corporation’s (bcIMC Realty) $350 million 2.10% Series 12 Medium-Term Notes (MTNs) due June 3, 2021 (Series 12 Notes), and its $500 million 2.84% Series 13 MTNs due June 3, 2025 (Series 13 Notes).

The Series 12 Notes and Series 13 Notes rank equally and rateably with the existing MTNs of bcIMC Realty. DBRS understands that the net proceeds from the offerings will be used by bcIMC Realty to fund normal course development and acquisitions as well as for general corporate purposes.

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

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodology is Rating Entities in the Real Estate Industry (May 2015), which can be found on our website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.