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This press launch accommodates forward-looking data that’s based mostly upon assumptions and is topic to dangers and uncertainties as indicated within the cautionary be aware contained inside this press launch.
NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION THROUGH U.S. NEWS OR WIRE SERVICES
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TORONTO — Dream Industrial REIT (TSX: DIR.UN) (the “Belief” or “Dream Industrial REIT”) introduced in the present day the closing of its beforehand introduced non-public placement of senior unsecured debentures (the “Providing”) consisting of a further issuance of C$200 million mixture principal quantity of 5.383% Senior Unsecured Debentures, Sequence F maturing on March 22, 2028 (the “Sequence F Debentures”).
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The Sequence F Debentures are rated BBB with a Steady Development by DBRS Restricted. The Belief intends to make use of the online proceeds from the Providing to repay present indebtedness and for normal belief functions.
The Sequence F Debentures haven’t been and won’t be certified on the market to the general public underneath relevant securities legal guidelines in Canada and, accordingly, any provide or sale of the Sequence F Debentures in Canada will probably be made on a foundation which is exempt from the prospectus necessities of such securities legal guidelines. The Sequence F Debentures is not going to be listed on any inventory change and there will probably be no marketplace for such securities. The Sequence F Debentures haven’t been, and won’t be, registered underneath america Securities Act of 1933, as amended, or any state securities legal guidelines and is probably not supplied or bought in america and is probably not supplied or bought to different individuals who will not be residents of a province of Canada.
About Dream Industrial Actual Property Funding Belief
Dream Industrial REIT is an unincorporated, open-ended actual property funding belief. As at September 30, 2023, Dream Industrial REIT owns, manages and operates a portfolio of 322 industrial belongings totaling roughly 70.6 million sq. toes of gross leasable space in key markets throughout Canada, Europe, and the U.S. Dream Industrial REIT’s purpose is to ship sturdy whole returns to its unitholders by safe money flows underpinned by its high-quality portfolio and an funding grade stability sheet in addition to driving progress in its web asset worth and money circulate per unit. For extra data, please go to www.dreamindustrialreit.ca.
Ahead Wanting Info
This press launch could include forward-looking data throughout the that means of relevant securities laws. Ahead-looking data typically will be recognized by way of forward-looking terminology reminiscent of “outlook”, “goal”, “could”, “will”, “anticipate”, “intend”, “estimate”, “anticipate”, “imagine”, “ought to”, “plans”, or “proceed”, or comparable expressions suggesting future outcomes or occasions. A number of the particular forward-looking data on this press launch could embrace, amongst different issues, statements relating to the supposed use of web proceeds of the Providing. Ahead-looking data relies on a variety of assumptions and is topic to a variety of dangers and uncertainties, lots of that are past the Belief’s management, which might trigger precise outcomes to vary materially from these which are disclosed in or implied by such forward-looking data. These dangers and uncertainties embrace, however will not be restricted to, normal and native financial and enterprise circumstances; employment ranges; mortgage and rates of interest; laws; uncertainties across the timing and quantity of future financings; geopolitical occasions, together with disputes between nations, battle and worldwide sanctions; the monetary situation of tenants; leasing dangers, together with these related to the power to lease vacant area; rental charges and the energy of rental price progress on future leasing; and curiosity and foreign money price fluctuations. The Belief’s targets and forward-looking statements are based mostly on sure assumptions, together with that the overall financial system stays secure, rates of interest stay secure, circumstances inside the true property market stay constant, rising substitute prices within the Belief’s working markets stay regular, competitors for acquisitions stays in step with the present local weather and that the capital markets proceed to offer entry to fairness and/or debt. All forward-looking data on this press launch speaks as of the date of this press launch. The Belief doesn’t undertake to replace any such forward-looking data whether or not on account of new data, future occasions or in any other case besides as required by regulation. Further details about these assumptions and dangers and uncertainties is contained within the Belief’s filings with securities regulators, together with its newest annual data type and MD&A. These filings are additionally obtainable on the Belief’s web site at www.dreamindustrialreit.ca.
View supply model on businesswire.com: https://www.businesswire.com/information/residence/20240103238481/en/
Contacts
Dream Industrial REIT
Alexander Sannikov
President and Chief Govt Officer
(416) 365-4106
asannikov@dream.ca
Lenis Quan
Chief Monetary Officer
(416) 365-2353
lquan@dream.ca
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