Crombie REIT announces closing of $175 million Series A Notes offering

Crombie REIT announces closing of $175 million Series A Notes offering 
STELLARTON, NS, Oct. 31, 2013 /CNW/ - Crombie Real Estate Investment Trust 
(TSX: CRR.UN) announced today that it has completed its previously announced 
$175 million offering on a private placement basis of 3.986% Series A Notes 
with a five-year term due October 31, 2018 (Senior Unsecured). The Series A 
Notes were offered at a price of $1,000 per $1,000 principal amount. 
The Series A Notes were sold pursuant to an Agency Agreement with a syndicate 
of agents, co-led by Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World 
Markets Inc. and including RBC Dominion Securities Inc. and TD Securities Inc. 
The Series A Notes received a provisional rating of BBB (low) with a stable 
trend from DBRS, subject to the completion of Crombie's previously announced 
acquisition of a portfolio of retail properties from a wholly-owned subsidiary 
of Sobeys Inc. 
The net proceeds from the sale of the Series A Notes will be held in escrow by 
an escrow agent pending the satisfaction of the conditions to closing, among 
other things, in connection with the portfolio acquisition from Sobeys. Upon 
release from escrow, Crombie will use the net proceeds from the offering to, 
directly or indirectly, partially fund the acquisition. If the escrow release 
conditions are not satisfied on or before March 12, 2014 or if the acquisition 
is terminated, the Series A Notes will be subject to a special mandatory 
redemption. The redemption price for any special mandatory redemption would be 
100% of the aggregate principal amount of the Series A Notes, together with 
accrued and unpaid interest from the date of settlement up to but not 
including the date of the special mandatory redemption. 
The Series A Notes were sold in Canada on a private placement basis pursuant 
to certain prospectus exemptions and are subject to a hold period expiring 
March 1, 2014. The offer and sale of the Series A Notes will not be 
registered under the United States Securities Act of 1933, as amended (the 
"Securities Act") or any state securities laws, and the Series A Notes may not 
be offered or sold in the United States or to, or for the account or benefit 
of, U.S. persons, absent registration or an applicable exemption from the 
registration requirements of the Securities Act and applicable state 
securities laws. This news release shall not constitute an offer to sell or 
the solicitation of an offer to buy, nor shall there be any offer, 
solicitation or sale of the securities in any state in which such offer, 
solicitation or sale would be unlawful. 
About Crombie 
Crombie Real Estate Investment Trust is an unincorporated, open-ended real 
estate investment trust established under, and governed by, the laws of the 
Province of Ontario. The trust invests in income-producing retail, office and 
mixed-use properties in Canada, with a growth strategy focused primarily on 
the acquisition of grocery- and drugstore-anchored retail properties. Crombie 
currently owns a portfolio of 180 commercial properties in nine provinces, 
comprising approximately 14.6 million square feet of gross leasable area. More 
information about Crombie can be found at 
This news release may contain forward looking statements that reflect the 
current expectations of management of Crombie about Crombie's future results, 
performance, achievements, prospects and opportunities. Wherever possible, 
words such as "continue", "may", "will", "estimate", "anticipate", "believe", 
"expect", "intend" and similar expressions have been used to identify these 
forward looking statements. These statements reflect current beliefs and are 
based on information currently available to management of Crombie, and 
include, without limitation, statements regarding the expected use of proceeds 
and timing of release of proceeds from the offering which remains subject to 
the completion of the acquisition. 
Readers are cautioned that such forward-looking statements are subject to 
certain risks and uncertainties that could cause actual results to differ 
materially from these statements. Crombie can give no assurance that actual 
results will be consistent with these forward-looking statements. A number of 
factors, including those discussed in the Management Discussion and Analysis 
for the year ended December 31, 2012 under "Risk Management", could cause 
actual results, performance, achievements, prospects or opportunities to 
differ materially from the results discussed or implied in the forward-looking 
statements. These factors should be considered carefully and a reader should 
not place undue reliance on the forward-looking statements. There can be no 
assurance that the expectations of management of Crombie will prove to be 
Additional information relating to Crombie can be found on Crombie's web site 
at or on the SEDAR web site for Canadian regulatory 
filings at

Mr. Glenn Hynes, FCA Chief Financial Officer and Secretary Crombie REIT (902) 
To view this news release in HTML formatting, please use the following URL: 
CO: Crombie REIT
ST: Nova Scotia
-0- Oct/31/2013 14:20 GMT
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