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TORONTO, ONTARIO--(Marketwired - June 12, 2017) - Smart Real Estate Investment Trust ("SmartREIT") (TSX:SRU.UN) announced today that it has entered into an agreement with a syndicate of Canadian financial institutions, led by The Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, for a new unsecured credit facility (the "Credit Facility") totaling $500 million with an accordion option for up to an additional $250 million. The new Credit Facility replaces the existing $350 million unsecured credit facility maturing in September 2017 and has a five-year term maturing on May 31, 2022. Participating financial institutions in the Credit Facility include The Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, Bank of Nova Scotia, Royal Bank of Canada, Fédération des caisses Desjardins du Québec, HSBC Bank Canada, and National Bank of Canada. |
