Cadillac Fairview Corporation Closes C$100 Million Convertible Debenture Offering.TORONTO--(BUSINESS WIRE)--Sept. 17, 1998--Cadillac Fairview Co (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CDF (1) (Central Distribution Frame) A connecting unit (typically a hub) that acts as a central distribution point to all the nodes in a zone or domain. See MDF. ) (NYSE NYSE See: New York Stock Exchange :CDF) Cadillac Fairview Corporation announced today that it has closed its previously announced offering of C$100 million of 5.70 percent convertible unsecured subordinated debentures. These convertible debentures and the common shares into which they are convertible have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States or to, or for the account or benefit of, any U.S. person absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from this offering will be used to repay short term borrowings related to recent acquisitions and to further fund Cadillac Fairview's growth, including acquisitions of additional property interests, and for general corporate purposes. Cadillac Fairview is one of the largest owners, managers and developers of commercial real estate in North America, focusing on high quality retail centres in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. , and office properties in major Canadian cities. It owns interests in or manages 105 properties amounting to over 50 million square feet, including some of Canada's landmark properties such as the Toronto Eaton Centre The Toronto Eaton Centre is a large shopping mall and office complex in downtown Toronto, Ontario Canada, named after the now-defunct Eaton's department store chain. In terms of the number of visitors, the shopping mall is Toronto's top tourist attraction. and Toronto-Dominion Centre in Toronto, Pacific Centre in Vancouver and Montreal Eaton Centre in Montreal. |
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