Crombie REIT Announces $100 Million Bought Deal Notes Offering

STELLARTON, NS, Feb. 28, 2014 /CNW/ - Crombie Real Estate Investment Trust 
(TSX: CRR.UN) announced today that it entered into an agreement with a 
syndicate of underwriters, co-led by Scotia Capital Inc., CIBC World Markets 
Inc. and BMO Nesbitt Burns Inc. and including RBC Dominion Securities Inc., TD 
Securities Inc. and National Bank Financial Inc. to sell, on a bought deal, 
private placement basis, $100 million aggregate principal amount of 3.962 
percent Series B Notes (senior unsecured) with an approximate seven-year and 
three-month term maturing June 1, 2021. The offering is expected to close on 
or about March 5, 2014 and is subject to customary closing conditions, 
including receipt of necessary consents and approvals and the Series B Notes 
receiving a rating of at least BBB(low) with stable trend from DBRS. The net 
proceeds of the offering will be used to repay existing debt and for general 
corporate purposes. 
The Series B Notes will be sold in Canada on a private placement basis 
pursuant to certain prospectus exemptions. The offer and sale of Series B 
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 
B 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. 
About Crombie 
Crombie Real Estate Investment Trust ("Crombie") is an open-ended real estate 
investment trust established under, and governed by, the laws of the Province 
of Ontario. Crombie currently owns a portfolio of 249 retail and office 
properties across Canada, comprising approximately 17.6 million square feet 
with a strategy to own and operate a portfolio of high quality grocery and 
drug store anchored shopping centres and freestanding stores in Canada's top 
36 markets. 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 amount and 
timing of the offering which remains subject to the sale by the underwriters 
and may be impacted by market conditions.  There is no assurance that the 
offering will be completed. 
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, 2013 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 Executive Vice President, Chief Financial Officer and 
Secretary Crombie REIT (902) 755-8100 
To view this news release in HTML formatting, please use the following URL: 
CO: Crombie REIT
ST: Nova Scotia
-0- Feb/28/2014 15:08 GMT
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