Crombie Real Estate Investment Trust announced that it entered into an agreement to issue $150 million aggregate principal amount of Series J Senior Unsecured Notes maturing August 12, 2031. The Series J Notes will bear interest at a rate of 3.133% per annum. The Series J Notes are being offered with a syndicate of agents, co-led by CIBC World Markets Inc., Scotia Capital Inc., and TD Securities Inc., and including BMO Nesbitt Burns Inc., National Bank Financial Inc., Desjardins Securities Inc., and RBC Dominion Securities Inc., to sell, on a best effort, private placement basis. Net proceeds from the Series J Notes offering will be used to repay certain indebtedness outstanding under the REIT's credit facilities and for general trust purposes. The offering is expected to close on or about August 12, 2021 and are subject to customary closing conditions, including receipt of necessary consents and approvals and the Series J Notes receiving a rating of at least BBB(low) with a negative trend from DBRS. The Series J Notes will be sold in Canada on a private placement basis pursuant to certain prospectus exemptions. The offer and sale of the Series J Notes will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and the Notes may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.