Allied Properties Real Estate Investment Trust ( ($TSE:AP.UN) ) has provided an announcement.
Allied Properties Real Estate Investment Trust announced a $400 million private placement offering of senior unsecured debentures in Canada. The proceeds from this offering will be used to prepay an existing $400 million unsecured term loan. The debentures are expected to be rated ‘BBB’ with a negative trend by Morningstar DBRS and will rank equally with other unsecured indebtedness of the company.
More about Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust is a prominent owner-operator of unique urban workspaces in Canada’s major cities. The company focuses on providing sustainable and wellness-oriented environments for knowledge-based organizations, aiming to foster creativity, connectivity, and diversity.
YTD Price Performance: 0.68%
Average Trading Volume: 41,315
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.67B
For detailed information about AP.UN stock, go to TipRanks’ Stock Analysis page.