Hinton Scaffold Solutions: Utilizing innovate technologies to create safer worksites
With many years of experience in the heavy industrial scaffold industry, Ontario-based Hinton Scaffold Solutions provides highly innovative
Alberta Veterinary Laboratories / Solvet: Supporting Canada’s food
Founded in 2009, Western Canadian family-owned pharmaceutical manufacturer Alberta Veterinary Laboratories manufactures and provides efficacious and cost-effective animal Sodexo Canada: The global leader who believes the difference a day makes
Founded in Marseille in 1966, and now operating in 53 countries, Sodexo provides facilities services that drive positive Barclay Restorations DKI: The longest running insurance restoration company in Greater Vancouver
Locally owned-and operated and serving Metro Vancouver and the Fraser Valley, Barclay Restorations DKI is a full-service restoration CDW Canada: Helping small businesses use IT security to prepare, defend, and respond
Established in 2003, CDW Canada is a leading provider of technology solutions for business, government, education, and healthcare, Stamped Engineering Corporation: High quality, fit for purpose engineering services
Specializing in design engineering that is customized to the needs of the client, Stamped Engineering Corporation is a Alpine Building Maintenance: Customized cleaning solutions
Founded in 1980 in the interior of British Columbia, family-owned building services company Alpine Building Maintenance has evolved Case Design/Remodeling Halifax: Flawless design and execution
With two decades of experience, Case Design/Remodeling is a design-build renovation, remodeling, project and construction management team serving-
Washed up elites need to stop lecturing the people
The ramblings of ex-Prime Ministers, Presidents and CEOs is a feature of all political life, history and cultures. The political timing of Finland’s admission into NATO
It has been a few weeks since the world watched the proverbial ink of approval dry on Finland’s How to manage the stress of making the right business decisions
It can be stressful when you have to make important decisions regarding your business. We all want to Reclaiming Canada’s key service export: Tourism
Tourism is an increasingly dynamic sector of the global economy; pre-2019 tourism was a $1.4 trillion industry generating Concerning signs for Canada’s construction sector in 2023
Coming into 2022, construction contractors had never been more optimistic about the state of the industry. Independent Contractors Strengthening your organization through sustainability & ESG
It’s no secret that organizations are increasingly feeling the pressure to respond to social and environmental imperatives. More 55% of provincial healthcare budgets will be for seniors by 2030
Canada’s straining health care system is dominating headlines, as provinces pit themselves against the federal government in a Spymasters, conspiracies, the PRC, & Dong Jingwei
The tensions currently exposed between the People’s Republic of China (PRC) and the United States, let alone the
SmartREIT Announces New Credit Facilities Totaling $500 Million
Smart Real Estate Investment Trust (“SmartREIT”) (TSX:SRU.UN) has
announced that it has entered into an agreement with a syndicate of Canadian financial institutions, led by
The Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, for a new unsecured credit facility (the
“Credit Facility”) totaling $500 million with an accordion option for up to an additional $250 million. The new
Credit Facility replaces the existing $350 million unsecured credit facility maturing in September 2017 and has a
five-year term maturing on May 31, 2022. Participating financial institutions in the Credit Facility include The
Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, Bank of Nova Scotia, Royal
Bank of Canada, Fédération des caisses Desjardins du Québec, HSBC Bank Canada, and National Bank of Canada.
Historically, SmartREIT’s existing unsecured credit facilities have been largely unused. However, the Credit
Facility is now expected to provide shorter term flexibility to support SmartREIT’s multiple growth-oriented
initiatives. The Credit Facility will represent one element of SmartREIT’s funding strategy, which will be coupled
with SmartREIT’s ready access to secured and unsecured financing alternatives from multiple financial institutions
and investors at competitive rates. In addition, SmartREIT’s increasing development pipeline and associated
construction activities are expected to be largely funded by dedicated construction facilities provided by various
banking syndicates at attractive rates for appropriate terms commensurate with each respective project. These
multiple growth-oriented initiatives are being further supported by SmartREIT’s growing unencumbered pool of
high quality shopping centres, equity contributions resulting from SmartREIT’s popular distribution re-investment
program (DRIP), and increasingly through equity ‘creation’ resulting from the realization of significant inherent
value in SmartREIT’s substantial land portfolio.
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