Cominar Real Estate Investment Trust closes C$550m unsecured revolving credit facility

Cominar Real Estate Investment Trust is the third largest diversified real estate investment trust and the largest commercial property owner in the Province of Quebec.

On August 6, 2014, Cominar announced that it had closed a $350m three year senior unsecured credit facility with National Bank of Canada serving as lead arranger and administrative agent. Under the agreement, Cominar had the right to increase the facility up to $550m, subject to lenders’ consent. Shortly following the closing, Cominar exercised such right and successfully increased its credit to $550m.

National Bank of Canada was represented by Norton Rose Fulbright, with a team comprised of David Lemieux and Alexandre Turcotte.