Date Closed

March 29, 2023

Lead Office

Toronto

Value

250.00 Million CAD

On March 29, 2023, Primaris Real Estate Investment Trust (“Primaris” ) completed a private placement (the “Offering”) of C$250 million aggregate principal amount of Series C senior unsecured debentures maturing March 29, 2028 (the “Debentures”). The Debentures were offered on a private placement basis in each of the provinces of Canada by a syndicate of agents led by Desjardins Securities Inc. and TD Securities Inc. which included BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp, iA Private Wealth Inc. and Raymond James Ltd. Primaris intends to use the net proceeds from the Offering to repay existing indebtedness and for general trust purposes.

McCarthy Tétrault advised Desjardins Securities Inc. with a team led by Andrew Parker that included Samatha Pettinato and Rebecca Scott (Business).