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Granite REIT Enters into $300 Million Unsecured Credit Facility

Published: 12/12/2018

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

On December 12, 2018, Granite Real Estate Investment Trust entered into a $300 million seven-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).