Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

Crombie REIT completes IPO and enters into $150 million revolving credit facility

Fasken
Reading Time 1 minute read Subscribe
Client

Confidential Client

On March 23, 2006, Crombie Real Estate Investment Trust successfully completed its initial public offering total gross proceeds of $204,842,240. In connection with this offering, the REIT acquired a portfolio of 44 commercial properties located in Atlantic Canada, Ontario and Quebec. Concurrently with the offering, the REIT also entered into a revolving credit facility with a syndicate of Canadian chartered banks, with the Bank of Nova Scotia acting as administrator agent, in an aggregate amount of $150 million. The banks were represented by Fasken Martineau with a team of John Torrey, David Johnson and David Ferris.

    Subscribe

    Receive email updates from our team

    Subscribe