The company said the Operating Partnership priced C$550,000,000 aggregate principal amount of its 4.700% Notes due 2029 on February 22, 2024. It said closing of the issuance is expected on March 1, 2024.

1. 01

   The company said the Operating Partnership priced C$550,000,000 aggregate principal amount of its 4.700% Notes due 2029 on February 22, 2024. It said closing of the issuance is expected on March 1, 2024.

2. 02

   The company said net proceeds, after the underwriter's discount and offering expenses, are estimated at about C$545.3 million. It said it plans to use the proceeds for general corporate purposes, including repaying borrowings under its global lines of credit.

3. 03

   The company said the Notes bear interest at 4.700% per annum, mature on March 1, 2029, and are senior unsecured obligations. It said that before the Par Call Date on February 1, 2029, the Notes may be redeemed at a price based on the Government of Canada Yield Rate plus 27.5 basis points as the discount rate, and after that date at 100% of principal amount.

4. 04

   The company said the Operating Partnership entered into an Underwriting Agreement with Scotia Capital Inc. and TD Securities Inc. as underwriters on February 22, 2024. It said the Indenture restricts, among other things, additional indebtedness and mergers or consolidations, as well as the sale of substantially all assets.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.