Examples of Granite LP in a sentence
Effective December 11, 2014, Granite REIT Holdings Limited Partnership ("Granite LP") entered into an amended and restated agreement for an unsecured senior revolving credit facility in the amount of $250.0 million that is available by way of Canadian dollar, US dollar or euro denominated loans or letters of credit (the "Credit Facility") and matures on February 1, 2019.
On November 30, 2023, Granite LP repaid in full the outstanding $400.0 million aggregate principal amount of the 2023 Debentures.
Any officer of the Trust may, but need not, be a Trustee or a person who is a director, officer, employee or securityholder of Granite GP, Granite LP or any of their respective Affiliates.
The US$ Note Trustee must ensure that any amount invested under Clause 10.2(a), to the extent that it represents money required for the payment of amounts to another party, has a maturity on a date on or before the due date for the payment of those amounts.
As at December 31,20222021Unsecured Debentures and Term Loans, NetNon-current$2,583,930 $2,425,089 Current399,707 — $2,983,637 $2,425,089 2021 Debentures On January 4, 2021, Granite REIT Holdings Limited Partnership ("Granite LP"), a wholly-ownedsubsidiary of Granite, redeemed in full the outstanding $250.0 million aggregate principal amount of the 2021 Debentures.
Granite LP issued $400.0 million aggregate principal amount of 3.873% Series 3 senior debentures due November 30, 2023 (the "2023 Debentures") at a nominal premium.
March 31,December 31,As at20232022Unsecured Debentures and Term Loans, NetNon-current$2,583,967 $2,583,930 Current399,786 399,707 $2,983,753 $2,983,637 2024 Term Loan Interest on drawn amounts of the 2024 Term Loan is calculated based on LIBOR plus an applicable margin determined by reference to the external credit rating of Granite LP.
On July 3, 2014, Granite REIT Holdings Limited Partnership ("Granite LP"), a wholly-owned subsidiary of Granite, issued at par $250.0 million aggregate principal amount of 3.788% Series 2 senior debentures due July 5, 2021 (the "2021 Debentures").
On December 18, 2020, Granite LP issued $500.0 million aggregate principal amount of 2.378% Series 5 senior debentures due December 18, 2030 (the "2030 Debentures").
Based on the current credit rating, Granite LP would be subject to interest at a rate per annum equal to the base rate (i.e. LIBOR, Canadian prime business rate or euro currency rate) depending on the currency Granite LP borrows in plus an applicable margin of up to 1.45%.