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BRIEF-H&R REIT Announces $250 Million, Five-Year Unsecured Term Loan

Published 2019-03-07, 04:04 p/m
BRIEF-H&R REIT Announces $250 Million, Five-Year Unsecured Term Loan

March 7 (Reuters) - H&R Real Estate Investment Trust HR_u.TO :

* H&R REIT ANNOUNCES $250 MILLION, FIVE-YEAR UNSECURED TERM LOAN

* H&R REAL ESTATE INVESTMENT TRUST - UNLESS OTHERWISE EXTENDED, TERM LOAN WILL MATURE IN MARCH 2024.

* H&R REAL ESTATE INVESTMENT TRUST - PROCEEDS FROM TERM LOAN TO BE USED TO REPAY EXISTING BANK INDEBTEDNESS

* H&R REIT - WILL HAVE ABOUT $800 MILLION OF UNUSED CAPACITY UNDER REVOLVING CREDIT FACILITIES AVAILABLE WITH EXISTING LENDERS AFTER PROCEEDS ARE USED

* H&R REIT - INTENDS TO USE PART OF ITS AVAILABLE CAPACITY UNDER ITS CREDIT FACILITIES FOR GENERAL CORPORATE PURPOSES, FUND PROPERTY DEVELOPMENT

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