SmartCentres REIT completes C$500M private placement of Series AC and Series AD senior unsecured debentures

On November 12, 2025, SmartCentres Real Estate Investment Trust (“SmartCentres”) announced the closing of its previously announced private placement of C$500 million aggregate principal amount of senior unsecured debentures, comprised of C$250 million aggregate principal amount of 3.599% Series AC senior unsecured debentures that will mature on June 12, 2029 and C$250 million aggregate principal amount of 4.318% Series AD senior unsecured debentures that will mature on June 12, 2032. 

The syndicate of agents was co-led by Scotiabank and CIBC Capital Markets as joint active bookrunners, Desjardins Securities, RBC Capital Markets and TD Securities as joint bookrunners, and National Bank Financial, Mizuho Securities, BMO Capital Markets and Beacon Securities as co-managers.

SmartCentres, headquartered in Vaughan, Ontario, is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 197 strategically located properties in communities across the country.

McCarthy Tétrault LLP advised the syndicate of agents with a team led by Andrew Parker that included Gurvir Sangha (Business) and Somaya Amiri (Articling Student).