{"success":true,"data":{"pressRelease":{"id":"155716","rtpr_id":"nGNXkLxww-20260929","ticker":"NXR_U","exchange":"TSX","all_tickers":["NXR_U"],"title":"Nexus Industrial REIT Completes $300 Million Unsecured Debenture Offering","author":"Globe Newswire","published_at":"2026-09-29T14:38:36.099Z","article_body":"Not for distribution in the United States or dissemination through U.S. news\nor wire services\n\nTORONTO, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (the\n“REIT”) (TSX: NXR.UN) announced today that it has completed its previously\nannounced offering (the “Offering”) of $300 million aggregate principal\namount of senior unsecured debentures (the “Debentures”) maturing March\n29, 2030. The Debentures bear interest at a fixed annual rate of 4.563% per\nannum. The Debentures were offered on a private placement “best efforts”\nagency basis by a syndicate of agents led by BMO Capital Markets, Desjardins\nCapital Markets and RBC Capital Markets as joint bookrunners, and which\nincluded National Bank Capital Markets, Scotia Capital, CIBC Capital Markets,\nATB Cormark Capital Markets and TD Securities.\n\nMorningstar DBRS has provided the REIT with a credit rating of BBB (low) with\na Stable trend relating to the Debentures. The REIT intends to use the net\nproceeds from the Offering to repay existing indebtedness and for general\ntrust purposes.\n\nBlake, Cassels & Graydon LLP acted as counsel to the REIT and Osler, Hoskin &\nHarcourt LLP acted as counsel to the agents in connection with the Offering.\n\nThe Debentures have not been and will not be qualified for sale to the public\nunder applicable securities laws in Canada and, accordingly, any offer or sale\nof the Debentures in Canada will be made on a basis which is exempt from the\nprospectus requirements of such securities laws. The Debentures have not been,\nand will not be, registered under the United States Securities Act of 1933, as\namended (the “U.S. Securities Act”), or any state securities law and may\nnot be offered or sold in the United States and, accordingly, may not be\noffered, sold or delivered, directly or indirectly, in the United States or\nto, or for the account or benefit of, U.S. Persons (as defined in the U.S.\nSecurities Act) except pursuant to an exemption from the registration\nrequirements of the U.S. Securities Act and applicable state securities laws.\nThe Debentures will not be listed on any stock exchange and there will be no\nmarket for such securities. This news release shall not constitute an offer\nto sell or the solicitation of an offer to buy nor shall there be any sale of\nthe Debentures in any jurisdiction in which such offer, solicitation or sale\nwould be unlawful.\n\nAbout Nexus Industrial REIT\n\nNexus is a growth-oriented real estate investment trust focused on increasing\nunitholder value through the acquisition of industrial properties located in\nprimary and secondary markets in Canada, and the ownership and management of\nits portfolio of properties. The REIT currently owns a portfolio of 86\nproperties comprising approximately 12.1 million square feet of gross leasable\narea. The REIT has approximately 97,097,000 voting units issued and\noutstanding, including approximately 74,276,000 REIT Units and approximately\n22,821,000 Class B LP Units of subsidiary limited partnerships of Nexus, which\nare convertible to REIT Units on a one-to-one basis.\n\nForward-Looking Disclaimer\n\nCertain statements contained in this news release constitute forward-looking\nstatements which reflect the REIT’s current expectations and projections\nabout future results, including statements regarding the use of proceeds from\nthe Offering. Often, but not always, forward-looking statements can be\nidentified by the use of words such as “plans”, “expects” or “does\nnot expect”, “is expected”, “estimates”, “intends”,\n“anticipates” or “does not anticipate”, or “believes”, or\nvariations of such words and phrases or state that certain actions, events or\nresults “may”, “could”, “would”, “might” or “will” be\ntaken, occur or be achieved. Forward-looking statements involve known and\nunknown risks, uncertainties and other factors which may cause the actual\nresults, performance or achievements of the REIT to be materially different\nfrom any future results, performance or achievements expressed or implied by\nthe forward-looking statements. Actual results and developments are likely to\ndiffer, and may differ materially, from those expressed or implied by the\nforward-looking statements contained in this news release. Such\nforward-looking statements are based on a number of assumptions that may prove\nto be incorrect.\n\nWhile the REIT anticipates that subsequent events and developments may cause\nits views to change, the REIT specifically disclaims any obligation to update\nthese forward-looking statements except as required by applicable law. These\nforward-looking statements should not be relied upon as representing the\nREIT’s views as of any date subsequent to the date of this news release.\nThere can be no assurance that forward-looking statements will prove to be\naccurate, as actual results and future events could differ materially from\nthose anticipated in such statements. Accordingly, readers should not place\nundue reliance on forward-looking statements. Material risk factors and\nassumptions include those set out in the REIT’s most recent management’s\ndiscussion and analysis and annual information form, which are available on\nSEDAR+, and in the REIT’s other materials filed with the Canadian securities\nregulatory authorities from time to time. Given these risks, undue reliance\nshould not be placed on these forward-looking statements, which apply only as\nof their dates.\n\nFor further information please contact:\n\nKelly C. Hanczyk, CEO at (416) 906-2379; or         \nMike Rawle, CFO at (647) 823-1381.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/37a42313-4564-47c3-beef-d79b14aa8a03)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXkLxww-20260929","title":"Nexus Industrial REIT Completes $300 Million Unsecured Debenture Offering","author":"Globe Newswire","ticker":"NXR_U","created":"2026-09-29T14:38:36.099Z","tickers":["NXR_U"],"exchange":"TSX","article_body":"Not for distribution in the United States or dissemination through U.S. news\nor wire services\n\nTORONTO, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (the\n“REIT”) (TSX: NXR.UN) announced today that it has completed its previously\nannounced offering (the “Offering”) of $300 million aggregate principal\namount of senior unsecured debentures (the “Debentures”) maturing March\n29, 2030. The Debentures bear interest at a fixed annual rate of 4.563% per\nannum. The Debentures were offered on a private placement “best efforts”\nagency basis by a syndicate of agents led by BMO Capital Markets, Desjardins\nCapital Markets and RBC Capital Markets as joint bookrunners, and which\nincluded National Bank Capital Markets, Scotia Capital, CIBC Capital Markets,\nATB Cormark Capital Markets and TD Securities.\n\nMorningstar DBRS has provided the REIT with a credit rating of BBB (low) with\na Stable trend relating to the Debentures. The REIT intends to use the net\nproceeds from the Offering to repay existing indebtedness and for general\ntrust purposes.\n\nBlake, Cassels & Graydon LLP acted as counsel to the REIT and Osler, Hoskin &\nHarcourt LLP acted as counsel to the agents in connection with the Offering.\n\nThe Debentures have not been and will not be qualified for sale to the public\nunder applicable securities laws in Canada and, accordingly, any offer or sale\nof the Debentures in Canada will be made on a basis which is exempt from the\nprospectus requirements of such securities laws. The Debentures have not been,\nand will not be, registered under the United States Securities Act of 1933, as\namended (the “U.S. Securities Act”), or any state securities law and may\nnot be offered or sold in the United States and, accordingly, may not be\noffered, sold or delivered, directly or indirectly, in the United States or\nto, or for the account or benefit of, U.S. Persons (as defined in the U.S.\nSecurities Act) except pursuant to an exemption from the registration\nrequirements of the U.S. Securities Act and applicable state securities laws.\nThe Debentures will not be listed on any stock exchange and there will be no\nmarket for such securities. This news release shall not constitute an offer\nto sell or the solicitation of an offer to buy nor shall there be any sale of\nthe Debentures in any jurisdiction in which such offer, solicitation or sale\nwould be unlawful.\n\nAbout Nexus Industrial REIT\n\nNexus is a growth-oriented real estate investment trust focused on increasing\nunitholder value through the acquisition of industrial properties located in\nprimary and secondary markets in Canada, and the ownership and management of\nits portfolio of properties. The REIT currently owns a portfolio of 86\nproperties comprising approximately 12.1 million square feet of gross leasable\narea. The REIT has approximately 97,097,000 voting units issued and\noutstanding, including approximately 74,276,000 REIT Units and approximately\n22,821,000 Class B LP Units of subsidiary limited partnerships of Nexus, which\nare convertible to REIT Units on a one-to-one basis.\n\nForward-Looking Disclaimer\n\nCertain statements contained in this news release constitute forward-looking\nstatements which reflect the REIT’s current expectations and projections\nabout future results, including statements regarding the use of proceeds from\nthe Offering. Often, but not always, forward-looking statements can be\nidentified by the use of words such as “plans”, “expects” or “does\nnot expect”, “is expected”, “estimates”, “intends”,\n“anticipates” or “does not anticipate”, or “believes”, or\nvariations of such words and phrases or state that certain actions, events or\nresults “may”, “could”, “would”, “might” or “will” be\ntaken, occur or be achieved. Forward-looking statements involve known and\nunknown risks, uncertainties and other factors which may cause the actual\nresults, performance or achievements of the REIT to be materially different\nfrom any future results, performance or achievements expressed or implied by\nthe forward-looking statements. Actual results and developments are likely to\ndiffer, and may differ materially, from those expressed or implied by the\nforward-looking statements contained in this news release. Such\nforward-looking statements are based on a number of assumptions that may prove\nto be incorrect.\n\nWhile the REIT anticipates that subsequent events and developments may cause\nits views to change, the REIT specifically disclaims any obligation to update\nthese forward-looking statements except as required by applicable law. These\nforward-looking statements should not be relied upon as representing the\nREIT’s views as of any date subsequent to the date of this news release.\nThere can be no assurance that forward-looking statements will prove to be\naccurate, as actual results and future events could differ materially from\nthose anticipated in such statements. Accordingly, readers should not place\nundue reliance on forward-looking statements. Material risk factors and\nassumptions include those set out in the REIT’s most recent management’s\ndiscussion and analysis and annual information form, which are available on\nSEDAR+, and in the REIT’s other materials filed with the Canadian securities\nregulatory authorities from time to time. Given these risks, undue reliance\nshould not be placed on these forward-looking statements, which apply only as\nof their dates.\n\nFor further information please contact:\n\nKelly C. Hanczyk, CEO at (416) 906-2379; or         \nMike Rawle, CFO at (647) 823-1381.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/37a42313-4564-47c3-beef-d79b14aa8a03)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-29T14:38:36.144605305Z","server_sent_at_ms":1790692716144},"received_at":"2026-09-29T14:38:36.196Z","source_url":null},"analysis":{"id":"144438","press_release_id":"155716","analysis_json":{"industry":{"label":"Industrial REITs","sector":"Real Estate"},"redFlags":[],"eventType":"debt_offering","narrative":"Nexus Industrial REIT closed a $300 million private placement offering of senior unsecured debentures maturing March 29, 2030, bearing interest at a fixed 4.563% per annum.\n\nMorningstar DBRS assigned the debentures a BBB (low) rating with a Stable trend, and a syndicate led by BMO, Desjardins and RBC Capital Markets acted as joint bookrunners.\n\nProceeds will repay existing indebtedness and fund general trust purposes, a modest deleveraging-positive refinancing with no change to the REIT's strategy.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"REIT locks in 4.563% five-year fixed-rate debt to refinance existing borrowings -- margin stabilization, not a growth event."},"keyFigures":{"dealValueUsd":300000000,"customDimensions":{"coupon_rate":"4.563%","credit_rating":"BBB (low) Stable (Morningstar DBRS)","maturity_date":"2030-03-29","properties_owned":86,"gross_leasable_area_sqft":12100000,"voting_units_outstanding":97097000}},"namedEntities":{"people":[{"name":"Kelly C. Hanczyk","role":"CEO"},{"name":"Mike Rawle","role":"CFO"}],"products":[],"companies":[{"name":"Nexus Industrial REIT","ticker":"NXR.UN","relationship":"issuer/filer"},{"name":"BMO Capital Markets","relationship":"joint bookrunner"},{"name":"Desjardins Capital Markets","relationship":"joint bookrunner"},{"name":"RBC Capital Markets","relationship":"joint bookrunner"},{"name":"National Bank Capital Markets","relationship":"agent"},{"name":"Scotia Capital","relationship":"agent"},{"name":"CIBC Capital Markets","relationship":"agent"},{"name":"ATB Cormark Capital Markets","relationship":"agent"},{"name":"TD Securities","relationship":"agent"},{"name":"Morningstar DBRS","relationship":"credit rating agency"},{"name":"Blake, Cassels & Graydon LLP","relationship":"counsel to the REIT"},{"name":"Osler, Hoskin & Harcourt LLP","relationship":"counsel to the agents"}],"dollarAmounts":[{"amount":"$300 million","context":"aggregate principal amount of senior unsecured debentures"}]},"materialImpact":{"score":2,"reasoning":"Completion of a previously announced $300M unsecured debenture offering at 4.563% maturing 2030; proceeds repay existing debt. A routine financing close with modest refinancing benefit, not a strategic shift."},"tickerRelevance":{"others":[],"primary":"NXR_U"},"globalImportance":20,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"routine-debt-close","sectorWeight":"real-estate","issuerAuthored":true}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Nexus Industrial REIT closed a $300 million private placement offering of senior unsecured debentures maturing March 29, 2030, bearing interest at a fixed 4.563% per annum.\n\nMorningstar DBRS assigned the debentures a BBB (low) rating with a Stable trend, and a syndicate led by BMO, Desjardins and RBC Capital Markets acted as joint bookrunners.\n\nProceeds will repay existing indebtedness and fund general trust purposes, a modest deleveraging-positive refinancing with no change to the REIT's strategy.","key_figures":{"dealValueUsd":300000000,"customDimensions":{"coupon_rate":"4.563%","credit_rating":"BBB (low) Stable (Morningstar DBRS)","maturity_date":"2030-03-29","properties_owned":86,"gross_leasable_area_sqft":12100000,"voting_units_outstanding":97097000}},"named_entities":{"people":[{"name":"Kelly C. Hanczyk","role":"CEO"},{"name":"Mike Rawle","role":"CFO"}],"products":[],"companies":[{"name":"Nexus Industrial REIT","ticker":"NXR.UN","relationship":"issuer/filer"},{"name":"BMO Capital Markets","relationship":"joint bookrunner"},{"name":"Desjardins Capital Markets","relationship":"joint bookrunner"},{"name":"RBC Capital Markets","relationship":"joint bookrunner"},{"name":"National Bank Capital Markets","relationship":"agent"},{"name":"Scotia Capital","relationship":"agent"},{"name":"CIBC Capital Markets","relationship":"agent"},{"name":"ATB Cormark Capital Markets","relationship":"agent"},{"name":"TD Securities","relationship":"agent"},{"name":"Morningstar DBRS","relationship":"credit rating agency"},{"name":"Blake, Cassels & Graydon LLP","relationship":"counsel to the REIT"},{"name":"Osler, Hoskin & Harcourt LLP","relationship":"counsel to the agents"}],"dollarAmounts":[{"amount":"$300 million","context":"aggregate principal amount of senior unsecured debentures"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-29T14:38:41.938Z","global_importance":20,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"routine-debt-close","sectorWeight":"real-estate","issuerAuthored":true}},"durationMs":5724,"modelName":"glm-5.3-flashx"}}