H&R Closes $175 Million Senior Unsecured Debenture Financing

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TORONTO, June 20, 2013 /CNW/ - H&R Real Estate Investment Trust ("H&R REIT") 
(TSX: HR.UN; HR.DB.C; HR.DB.D; HR.DB.E; HR.DB.H) announced today that it 
closed its previously announced offering of $175 million principal amount of 
3.344% Series G Senior Debentures due June 20, 2018 (the "Debentures"). H&R 
REIT had previously agreed to sell the Debentures to a syndicate of 
underwriters co-led by RBC Capital Markets and CIBC, on a bought deal basis. 
The net proceeds from the offering of the Debentures will be utilized by H&R 
REIT to repay outstanding indebtedness incurred under existing credit 
facilities thereby enabling H&R REIT to have greater financial capacity to 
pursue future acquisitions and developments, and otherwise for general trust 
purposes. 
About H&R REIT 
H&R REIT is an open-ended real estate investment trust, which owns a North 
American portfolio of 40 office, 112 industrial and 163 retail properties 
comprising over 53 million square feet and 3 development projects, with a fair 
value of approximately $13 billion. The foundation of H&R's success since 
inception in 1996 has been a disciplined strategy that leads to consistent and 
profitable growth. H&R REIT lease its properties to long-term creditworthy 
tenants and strives to match those leases with primarily long-term, fixed-rate 
financing. 
Forward-looking Statements 
Certain statements in this news release contain forward-looking information 
within the meaning of applicable securities laws (also known as 
forward-looking statements), including, in particular, H&R REIT's expectations 
regarding the use of proceeds of the offering. Such forward-looking statements 
reflect H&R REIT's current beliefs and are based on information currently 
available to management. These statements are not guarantees of future 
performance and are based on H&R REIT's estimates and assumptions that are 
subject to risks and uncertainties, including those discussed in H&R REIT's 
materials filed with the Canadian securities regulatory authorities from time 
to time, which could cause the actual results and performance of H&R REIT to 
differ materially from the forward-looking statements contained in this news 
release. Those risks and uncertainties include, among other things, risks 
related to: prices and market value of securities of H&R REIT; availability of 
cash for distributions; restrictions pursuant to the terms of indebtedness; 
liquidity; credit risk and tenant concentration; interest rate and other debt 
related risk; tax risk; ability to access capital markets; dilution; lease 
rollover risk; construction risks; currency risk; unitholder liability; 
co-ownership interest in properties; competition for real property 
investments; environmental matters; reliance on one corporation for management 
of substantially all H&R REIT's properties; and changes in legislation and 
indebtedness of H&R REIT. Material factors or assumptions that were applied in 
drawing a conclusion or making an estimate set out in the forward-looking 
statements include that the general economy is stable; local real estate 
conditions are stable; interest rates are relatively stable; and equity and 
debt markets continue to provide access to capital. H&R REIT cautions that 
this list of factors is not exhaustive. Although the forward-looking 
statements contained in this news release are based upon what H&R REIT 
believes are reasonable assumptions, there can be no assurance that actual 
results will be consistent with these forward-looking statements. All 
forward-looking statements in this news release are qualified by these 
cautionary statements. These forward-looking statements are made as of today 
and H&R REIT, except as required by applicable law, assumes no obligation to 
update or revise them to reflect new information or the occurrence of future 
events or circumstances. 
Larry Froom, Chief Financial Officer, H&R REIT (416) 635-7520, or 
e-mailinfo@hr-reit.com 
SOURCE: H&R Real Estate Investment Trust 
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CO: H&R Real Estate Investment Trust
ST: Ontario
NI: REL  
-0- Jun/20/2013 12:45 GMT
 
 
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