DBRS Rates ORC’s $230 Million Series 8 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) $230 million 1.823% Series 8 Senior Unsecured Debentures, due May 9, 2022 (the Series 8 Bonds).

The Series 8 Bonds are direct unsecured obligations of ORC and rank pari passu with all other present and future unsecured 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.

The applicable methodology is Rating Entities in the Real Estate Industry (June 2016), 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.