DBRS Rates ORC’s $375 Million Series 7 Senior Unsecured Debentures at AA (low), Stable

DBRS Limited (DBRS) has today assigned a rating of AA (low) with a Stable trend to OMERS Realty Corporation’s (ORC or the Company) $375 million 2.858% Series 7 Senior Unsecured Debentures, due February 23, 2024 (Series 7 Bonds).

The Series 7 Bonds are direct unsecured obligations of ORC, and rank pari passu with all other present and future unsecured and unsubordinated indebtedness of the Company. DBRS understands that the net proceeds from the offering will be used to repay certain indebtedness of the Company.

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.