Dream Industrial Real Estate Investment Trust Announces Offering of C$300 Million Senior Unsecured Debentures, Series I

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Postmedia has not reviewed the content. by Business Wire Dream Industrial Real Estate Investment Trust Announces Offering of C$300 Million Senior Unsecured Debentures, Series IAuthor of the article:This press release constitutes a “designated news release” for the purposes of Dream Industrial REIT’s prospectus supplement dated September 29, 2025 to its short form base shelf prospectus dated September 29, 2025.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountNOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION THROUGH U.S. NEWS OR WIRE SERVICESTORONTO — Dream Industrial REIT (TSX: DIR.UN) (the “Trust” or “Dream Industrial REIT”) announced today that it has priced a private placement of senior unsecured debentures (the “Offering”) consisting of C$300 million aggregate principal amount of 4.416% Senior Unsecured Debentures, Series I maturing on October 22, 2030 (the “Series I Debentures”). In connection with the Offering, the Trust has entered into certain cross-currency fixed and floating interest rate swap arrangements to swap the proceeds of the Offering to Euros.This advertisement has not loaded yet, but your article continues below.The Series I Debentures are being offered on an agency basis by a syndicate of agents led by TD Securities Inc., Scotia Capital Inc., RBC Dominion Securities Inc., CIBC World Markets Inc. and National Bank Financial Inc., and including BMO Nesbitt Burns Inc., Desjardins Securities Inc. and Mizuho Securities Canada Inc. The Series I Debentures are being offered on a private placement basis in each of the provinces of Canada in reliance upon exemptions from the prospectus requirements under applicable securities legislation.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe Series I Debentures will be issued at a price equal to C$1,000 per C$1,000 principal amount and bear interest at a rate of 4.416% per annum, and will mature on October 22, 2030. Interest is payable on the Series I Debentures on April 22 and October 22 of each year, commencing on April 22, 2027. The Series I Debentures will be direct senior unsecured obligations of the Trust and will rank equally and ratably with all other unsecured and unsubordinated indebtedness of the Trust, except to the extent prescribed by law. The closing of the Offering is expected to take place on October 21, 2026.The Series I Debentures are expected to be rated BBB (high) with a Stable Trend by DBRS, Inc. The Trust intends to use the net proceeds from the Offering to repay existing indebtedness, including indebtedness incurred under the Trust’s unsecured revolving credit facility, and for general trust purposes.The Series I Debentures have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer or sale of the Series I Debentures in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The Series I Debentures will not be listed on any stock exchange and there will be no market for such securities. The Series I Debentures have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States and may not be offered or sold to other persons who are not residents of a province of Canada.This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Series I Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.About Dream Industrial Real Estate Investment TrustThis advertisement has not loaded yet, but your article continues below.Dream Industrial REIT is an owner, manager and operator of a global portfolio of well-located, diversified industrial properties. As at June 30, 2026, Dream Industrial REIT has an interest in and manages a portfolio which comprises 348 industrial assets (565 buildings) totalling approximately 75.7 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. For more information, please visit www.dreamindustrialreit.ca.Forward-Looking InformationThis press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-looking information in this press release may include, among other things, statements regarding the intended use of proceeds of the Offering, the Trust’s strategy, the expected rating of the Series I Debentures, the anticipated closing date of the Offering and the terms of the Series I Debentures. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk of adverse global market, economic and political conditions; risks inherent in the real estate industry; competition in the industrial real estate market; the Trust’s inability to execute its growth strategy; risks relating to geographic concentration; risks associated with single tenant properties; the Trust may incur significant capital expenditures; risks relating to development costs; financing risks; changes in interest rates; economic environment risks; the European real estate market; changes in currency exchange rates; changes in government regulations; tax risks; environmental contamination risk; climate change risk; risks relating to sourcing suitable acquisitions; risks relating to undisclosed defects and obligations in connection with property acquisitions; development risk; joint venture risk; loss of key personnel; uninsured or underinsured losses; information technology systems risk; cyber security risks; health crises; risks related to the imposition of duties, tariffs and other trade restrictions and their impacts; controls and procedures risk; market risk; risks relating to redemption of units; risks related to cash distribution fluctuations; risks relating to unitholder dilution; regulatory approvals may be required on a redemption of units or termination of the Trust; risks relating to legal rights of unitholders; liability risks of unitholders; risks relating to the subordinated rights of unitholders; limitations on non-resident ownership; currency risks associated with distributions for non-Canadian unitholders; the Trust depends on the business of Dream Industrial LP; risks related to the Trust’s ability to enforce contracts; potential conflicts of interest; the Trust relies on its asset managers for asset management services; and litigation risk.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.The Trust’s objectives and forward-looking statements are based on certain assumptions, including that the general economy remains stable, interest rates remain stable, conditions within the real estate market remain consistent, rising replacement costs in the Trust’s operating markets remain steady, competition for acquisitions remains consistent with the current climate, that future market and economic conditions will occur as expected and that geopolitical events, including disputes between nations or the imposition of duties, tariffs, quotas, embargoes or other trade restrictions (including any retaliation to such measures), will not disrupt global economies, and that the capital markets continue to provide access to equity and/or debt. All forward-looking information in this press release speaks as of the date of this press release. The Trust does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise except as required by law. Additional information about these assumptions and risks and uncertainties is contained in the Trust’s filings with securities regulators, including its latest annual information form and MD&A. These filings are also available at the Trust’s website at View source version on businesswire.com: For further information, please contact:This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.