Cominar Real Estate Investment Trust Closes $350 Million Unsecured Revolving Credit Facility

Cominar Real Estate Investment Trust Closes $350 Million Unsecured Revolving 
Credit Facility 
QUÉBEC CITY, Aug. 6, 2014 /CNW Telbec/ - Cominar Real Estate Investment Trust 
("Cominar") (TSX: CUF.UN) announced today that it has closed a $350 million 
three-year senior unsecured credit facility with National Bank of Canada 
serving as lead arranger and administrative agent, and a syndicate of lenders 
comprised of National Bank of Canada, Bank of Montreal, Caisse Centrale 
Desjardins, Bank of Nova Scotia, Royal Bank of Canada, TD Bank, ATB Financial 
and Canadian Western Bank. Borrowings under this new facility may be increased 
up to $550 million, subject to lenders' consent. This new facility replaces 
Cominar's prior $300 million secured credit facility and provides borrowing 
availability based, among other things, on Cominar maintaining unencumbered 
aggregate assets in an amount of not less than 130% of the aggregate principal 
amount of its senior unsecured indebtedness outstanding. Cominar's 
unencumbered aggregate assets currently stand at $2.3 billion representing 
160% of aggregate principal amount of senior unsecured indebtedness 
outstanding. 
Borrowings under the new facility are priced off a ratings grid and Cominar 
will benefit from a reduction of 30 basis points compared to its prior secured 
credit facility. Borrowings under the new facility rank pari passu with 
Cominar's senior unsecured debentures. 
"We are pleased to complete this $350 million senior unsecured credit 
facility; it is an important part of our overall financing strategy 
emphasizing financial flexibility and increasing use of unsecured debt. We 
will also be introducing a similar covenant of aggregate unencumbered assets 
to aggregate senior unsecured debt of 130% for the benefit of all holders of 
Cominar's existing and future senior unsecured debentures," stated Michel 
Dallaire, President and CEO of Cominar. 
PROFILE as at August 6, 2014 
Cominar is the third largest diversified real estate investment trust in 
Canada and currently remains the largest commercial property owner in the 
Province of Québec. The REIT owns a real estate portfolio of 526 properties 
in three different market segments, that is, office properties, retail 
properties and industrial and mixed-use properties. Cominar's portfolio totals 
39.5 million square feet spread out across Québec, Ontario, the Atlantic 
Provinces and Western Canada. Cominar's objectives are to pay growing cash 
distributions to unitholders and to maximize unitholder value through 
proactive management and the expansion of its portfolio. 
Cominar offers unitholders the opportunity to participate in its Unitholder 
Distribution Reinvestment Plan, which allows them to receive their monthly 
cash distributions as additional Cominar units. Participants will be entitled 
to receive an additional distribution equal to 5% of the distributions 
reinvested, which will be reinvested in additional units. For more information 
and to obtain a participation form, please visit Cominar's website at 
www.cominar.com. 
Forward-Looking Statements 
This press release may contain forward-looking statements with respect to 
Cominar and its operations, strategy, financial performance and financial 
condition. These statements generally can be identified by the use of 
forward-looking words such as "may", "will", "expect", "estimate", 
"anticipate", "intend", "believe" or "continue" or the negative  thereof or 
similar variations. The actual results and performance of Cominar discussed 
herein could differ materially from those expressed or implied by such 
statements. Such statements are qualified in their entirety by the inherent 
risks and uncertainties  surrounding future expectations. Some important 
factors that could cause actual results to differ materially from expectations 
include, among other things, general economic and market factors, competition, 
changes in government regulation and the factors described under "Risk 
Factors" in the Annual  Information Form of Cominar. The cautionary statements 
qualify all forward-looking statements attributable to Cominar and persons 
acting on its behalf. Unless otherwise stated, all forward-looking statements 
speak only as of the date of this press release.
 

SOURCE  COMINAR REAL ESTATE INVESTMENT TRUST 
Michel Dallaire, Eng., President and CEO, Sylvain Cossette, Executive 
Vice-President and COO, Gilles Hamel, CPA, CA, Executive Vice-President and 
CFO, Tel: (418) 681-8151, michel.dallaire@cominar.com, 
sylvain.cossette@cominar.com, gilles.hamel@cominar.com 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/August2014/06/c2635.html 
CO: COMINAR REAL ESTATE INVESTMENT TRUST
ST: Quebec
NI: REL FIN  
-0- Aug/06/2014 17:04 GMT
 
 
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