Melcor REIT announces repayment of 5.25% unsecured convertible debentures

Provided By Globe Newswire

Last update: Dec 23, 2022

EDMONTON, Alberta, Dec. 23, 2022 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“the REIT” - TSX: MR.UN) today announced that it will repay in cash the total outstanding principal amount of the 5.25% unsecured convertible debentures, together with all accrued and unpaid interest. The payout of $23.58 million will occur by December 31, 2022 and will be made using capital available on the REIT’s line of credit.