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First Capital Realty announces completion of $57.5 million offering of 4.45% convertible debentures

First Capital Realty announces completion of $57.5 million offering of 4.45% 
convertible debentures 
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ 
TORONTO, Feb. 19, 2013 /CNW/ - First Capital Realty Inc. ("First Capital 
Realty") (TSX: FCR), Canada's leading owner, developer and operator of 
supermarket and drugstore-anchored neighbourhood and community shopping 
centres, located predominantly in growing urban markets, announced today that 
it closed its previously announced bought deal public offering of $57.5 
million aggregate principal amount of 4.45% convertible unsecured subordinated 
debentures due February 28, 2020 (the "Debentures"). The closing included $7.5 
million aggregate principal amount of Debentures issued as a result of the 
exercise in full of the underwriters' option. 
The $57.5 million aggregate principal amount of Debentures issued today bear 
interest at the rate of 4.45% per annum payable semi-annually on March 31 and 
September 30 (commencing September 30, 2013), and are convertible at the 
option of the holder into common shares of First Capital Realty at a 
conversion price of $26.75 per common share (being a conversion rate of 
approximately 37.3832 common shares per $1,000 principal amount of Debentures) 
until February 28, 2018 and thereafter at a conversion price of $27.75 per 
common share (being a conversion rate of approximately 36.0360 common shares 
per $1,000 principal amount of Debentures). The bought deal public offering 
was underwritten by a syndicate led by Scotiabank and TD Securities Inc. and 
including CIBC, RBC Capital Markets, BMO Capital Markets, National Bank 
Financial Inc., Canaccord Genuity Corp. and Macquarie Capital Markets Canada 
Ltd. 
Consistent with First Capital Realty's practice in respect of all of its 
outstanding convertible debentures, and subject to any required regulatory 
approvals, it is First Capital Realty's current intention to satisfy the 
interest payable, and the principal on redemption or at maturity, by issuing 
to holders of Debentures that number of First Capital Realty common shares 
obtained by dividing the amount payable by 97% of the volume-weighted average 
trading price of the common shares on the Toronto Stock Exchange ("TSX") for 
the 20 consecutive trading days ending five trading days prior to the interest 
payment date or date of redemption or maturity. 
The Debentures, which are conditionally approved for listing on the TSX under 
the symbol FCR.DB.J, were issued pursuant to First Capital Realty's trust 
indenture dated December 19, 2005, as supplemented, and rank pari passu with 
all of First Capital Realty's other outstanding convertible unsecured 
subordinated debentures. 
First Capital Realty will use the net proceeds from the offering for 
development and redevelopment activities, acquisitions and for general 
corporate purposes. 
The securities offered have not been, and will not be, registered under the 
United States Securities Act of 1933, as amended, or any state securities 
laws, and, subject to certain exceptions, may not be offered, sold or 
delivered, directly or indirectly, in the U.S. or to or for the account or 
benefit of U.S. persons. This press release shall not constitute an offer to 
sell or the solicitation of an offer to buy nor shall there be any sale of the 
securities in any jurisdiction in which such offer, solicitation or sale would 
be unlawful. 
ABOUT FIRST CAPITAL REALTY (TSX: FCR)
First Capital Realty is Canada's leading owner, developer and operator of 
supermarket and drugstore-anchored neighbourhood and community shopping 
centres, located predominantly in growing urban markets. The Company currently 
owns interests in 175 properties, including five under ground-up development, 
totalling approximately 25.0 million square feet of gross leasable area and 
four sites in the planning stage for future retail development. 
Forward-Looking Statements 
This press release contains forward-looking statements and information within 
the meaning of applicable securities law. Forward-looking statements can be 
identified by the expressions "expects", "believes", "estimates", "will", 
"anticipates" and similar expressions. The forward-looking statements are not 
historical facts but reflect the Company's current expectations regarding 
future results or events and are based on information currently available to 
Management. Certain material factors and assumptions were applied in providing 
these forward-looking statements. 
Management believes that the expectations reflected in forward-looking 
statements are based upon reasonable assumptions; however, Management can give 
no assurance that the actual results or developments will be consistent with 
these forward-looking statements. These forward-looking statements are subject 
to a number of risks and uncertainties that could cause actual results or 
events to differ materially from current expectations, including the matters 
discussed under "Risks and Uncertainties" in the Company's Management's 
Discussion and Analysis in its 2011 Annual Report and under "Risk Factors" in 
its current Annual Information Form. Readers, therefore, should not place 
undue reliance on any such forward-looking statements. Further, a 
forward-looking statement speaks only as of the date on which such statement 
is made. First Capital Realty undertakes no obligation to publicly update any 
such statement or to reflect new information or the occurrence of future 
events or circumstances except as required by applicable securities law. 
All forward-looking statements in this press release are made as of the date 
hereof and are qualified by these cautionary statements. 
Dori J. Segal, President & CEO, or Karen H. Weaver, EVP and CFO First Capital 
Realty Inc. 85 Hanna Avenue, Suite 400 Toronto, Ontario, Canada M6K 3S3 Tel: 
(416) 504-4114 www.firstcapitalrealty.ca 
SOURCE: First Capital Realty Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/February2013/19/c6189.html 
CO: First Capital Realty Inc.
ST: Ontario
NI: REL NEWSTK  
-0- Feb/19/2013 13:16 GMT
 
 
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