TORONTO, April 14, 2026 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (the "REIT") (TSX:NXR) announced today that it has completed its previously announced offering (the "Offering") of $500 million aggregate principal amount of senior unsecured debentures (the "Debentures"), consisting of $300 million aggregate principal amount of Series A Debentures maturing April 14, 2029 and $200 million aggregate principal amount of Series B Debentures maturing April 14, 2031. The Series A Debentures bear interest at a fixed annual rate of 4.236% per annum, and the Series B Debentures bear interest at a fixed annual rate of 4.641% per annum. The Debentures were offered on a private placement "best efforts" agency basis by a syndicate of agents led by BMO Capital Markets, Desjardins Capital Markets and RBC Capital Markets as joint bookrunners, and which included National Bank Capital Markets, Scotia Capital, CIBC Capital Markets, ATB Cormark Capital Markets and TD Securities.
Morningstar DBRS has provided the REIT with a credit rating of BBB (low) with a Stable trend relating to the Debentures. The REIT intends to use the net proceeds from the Offering to repay existing indebtedness and for general trust purposes.
Blake, Cassels & Graydon LLP acted as counsel to the REIT and Osler, Hoskin & Harcourt LLP acted as counsel to the agents in connection with the Offering.
The 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 Debentures in Canada will be made on ...
