0001157523-20-001612.txt : 20201218 0001157523-20-001612.hdr.sgml : 20201218 20201218101220 ACCESSION NUMBER: 0001157523-20-001612 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201218 FILED AS OF DATE: 20201218 DATE AS OF CHANGE: 20201218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRANITE REAL ESTATE INVESTMENT TRUST CENTRAL INDEX KEY: 0001564538 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 986068269 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35771 FILM NUMBER: 201398276 BUSINESS ADDRESS: STREET 1: 77 KING ST. WEST, SUITE 4010 STREET 2: P.O. BOX 159, TD CENTRE CITY: TORONTO STATE: A6 ZIP: M5K 1H1 BUSINESS PHONE: 647-925-7522 MAIL ADDRESS: STREET 1: 77 KING ST. WEST, SUITE 4010 STREET 2: P.O. BOX 159, TD CENTRE CITY: TORONTO STATE: A6 ZIP: M5K 1H1 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRANITE REIT INC. CENTRAL INDEX KEY: 0001564540 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35772 FILM NUMBER: 201398275 BUSINESS ADDRESS: STREET 1: 77 KING ST. WEST, SUITE 4010 STREET 2: P.O. BOX 159, TD CENTRE CITY: TORONTO STATE: A6 ZIP: M5K 1H1 BUSINESS PHONE: 647-925-7522 MAIL ADDRESS: STREET 1: 77 KING ST. WEST, SUITE 4010 STREET 2: P.O. BOX 159, TD CENTRE CITY: TORONTO STATE: A6 ZIP: M5K 1H1 6-K 1 a52350926.htm GRANITE REAL ESTATE INVESTMENT TRUST FORM 6-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
Form 6-K
 
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of:  December 2020
 
GRANITE REAL ESTATE INVESTMENT TRUST
(Commission File Number:  001-35771)
(Name of registrant)
 
GRANITE REIT INC.
(Commission File Number:  001-35772)
(Name of registrant)
 
77 King Street West, Suite 4010, P.O. Box 159
Toronto-Dominion Centre
Toronto, Ontario
M5K 1H1
 (Address of Principal Executive Offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
 
Form 20-F  ☐    Form 40-F   ☑
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ______
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ______
 
DOCUMENTS FILED AS PART OF THIS FORM 6-K

See the Exhibit Index to this Form 6-K.



SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



Date:  December 18, 2020 GRANITE REAL ESTATE INVESTMENT TRUST  
       
       
 
By:
 /s/ Teresa Neto
  
   
Name:
  Teresa Neto
  
   
Title:
  Chief Financial Officer
  


Date:  December 18, 2020 GRANITE REIT INC.
 
       
       
 
By:
 /s/ Teresa Neto
  
   
Name:
  Teresa Neto
  
   
Title:
  Chief Financial Officer
  


FORM 6-K EXHIBIT INDEX

 

EX-99.1 2 a52350926ex99_1.htm EXHIBIT 99.1
 
 Exhibit 99.1


Granite REIT Completes Offering of C$500 Million 2.378% Senior Debentures Due 2030

TORONTO--(BUSINESS WIRE)--December 18, 2020--Granite Real Estate Investment Trust (“Granite” or the “REIT”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Partnership (“Granite LP”) has completed its previously announced offering (the “Offering”) of C$500 million aggregate principal amount of 2.378% Series 5 senior unsecured debentures due December 18, 2030 (the “Debentures”). The Debentures are guaranteed by Granite and Granite REIT Inc.

Through a cross currency interest rate swap, Granite LP has exchanged the Canadian dollar denominated principal and interest payments for Euro denominated payments, resulting in an effective fixed interest rate of 1.045% for the ten-year term of the Debentures.

The Debentures were offered on an agency basis by a syndicate of agents co-led by BMO Capital Markets and Scotia Capital. DBRS Morningstar and Moody’s Investor Service, Inc. have provided Granite LP with credit ratings of “BBB” with a stable trend, and “Baa2” with a stable outlook, respectively, relating to the Debentures. The Debentures were sold pursuant to a prospectus supplement dated December 4, 2020 to Granite LP’s amended and restated base shelf prospectus dated November 26, 2020.

Granite LP intends to use the net proceeds from the Offering to refinance existing debt, including the redemption of its Series 2 Senior Debentures due 2021, and for general corporate purposes.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns over 110 investment properties representing approximately 47 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, and securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended.

For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Manager, Legal & Investor Services, at 647-925-7504.

FORWARD LOOKING STATEMENTS

This press release may contain statements that, to the extent they are not recitations of historical fact, constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities legislation, including the United States Securities Act of 1933, as amended, the United States Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation. Forward-looking statements and forward-looking information may include, among others, the use of the net proceeds of the Offering including the redemption of Granite LP’s Series 2 Senior Debentures due 2021 and Granite’s plans, goals, strategies, intentions, beliefs, estimates, costs, objectives, economic performance, expectations, or foresight or the assumptions underlying any of the foregoing. Words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “seek”, “objective” and similar expressions are used to identify forward-looking statements and forward-looking information. Forward-looking statements and forward-looking information should not be read as guarantees of the use of the net proceeds of the Offering including the redemption of Granite LP’s Series 2 Senior Debentures due 2021, or other events, performance or results and will not necessarily be accurate indications of whether or the times at or by which future events or performance will be achieved. Undue reliance should not be placed on such statements. Forward-looking statements and forward-looking information are based on information available at the time and/or management’s good faith assumptions and analyses made in light of its perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances, and are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond Granite’s control, that could cause actual events or results to differ materially from such forward-looking statements and forward-looking information. Important factors that could cause such differences include, but are not limited to, the risks set forth in the annual information form of Granite Real Estate Investment Trust and Granite REIT Inc. dated March 4, 2020 (the “Annual Information Form”) and management’s discussion and analysis of results of operations and financial position for the three months ended September 30, 2020 (“Q3 MD&A”). The “Risk Factors” section of the Annual Information Form and the “Risks and Uncertainties” section of the Q3 MD&A also contain information about the material factors or assumptions underlying such forward-looking statements and forward-looking information. Forward-looking statements and forward-looking information speak only as of the date the statements and information were made and unless otherwise required by applicable securities laws, Granite expressly disclaims any intention and undertakes no obligation to update or revise any forward-looking statements or forward-looking information contained in this press release to reflect subsequent information, events or circumstances or otherwise.

Contacts

Teresa Neto
Chief Financial Officer
647-925-7560

Andrea Sanelli
Manager, Legal & Investor Services
647-925-7504.