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TORONTO, ONTARIO--(Marketwired - April 28, 2014) - Building on its commitment to limit its use of convertible securities, InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) has entered into and closed a credit agreement with KingSett Real Estate Growth LP No. 5 ("KingSett") for a $50 million secured term loan facility (the "Term Loan"). Proceeds are to be used for general corporate purposes and the repayment of convertible debentures, including the Series C 5.85% convertible debentures due August 1, 2014. |
