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Granite REIT Enters into US$185 Million Unsecured Credit Facility

Published: 12/19/2018

Team: Charles Newman, Amanda Scolieri, John T.C. Christian

On December 19, 2018, Granite Real Estate Investment Trust entered into a US$185 million committed four-year senior unsecured non-revolving term facility. Granite intends to use the net proceeds from the term loan for general corporate purposes, including to fund development and property acquisitions.

Cassels Brock acted as counsel to Granite with a team that included Charles Newman and Amanda Scolieri (Financial Services) and John Christian (Business Law).