Vital Infrastructure Property Trust Offers $300 Million in Debentures

Vital Infrastructure Property Trust, a Toronto-based real estate investment trust (REIT) focused on international healthcare infrastructure, announced a significant financial move on September 25, 2026. The company is set to issue $300 million in 4.865% Series C senior unsecured debentures, maturing on October 15, 2029. The debentures are expected to be priced at $1,000 per $1,000 principal amount and are scheduled to close on or about October 13, 2026. The offering is being handled by a syndicate of agents, including RBC Capital Markets, Scotiabank, and National Bank of Canada Capital Markets, among others.

In a related development, Vital Infrastructure Property Trust also announced its intention to redeem all of its outstanding 6.25% Series H convertible unsecured subordinated debentures, due August 31, 2027. The formal notice of the redemption, expected to be completed on October 26, 2026, is being delivered to CDS & Co. and Computershare Trust Company of Canada, as trustee, in accordance with the terms of the trust indenture for the Series H Convertible Debentures.

The REIT's portfolio, as of June 30, 2026, consists of a diversified collection of 104 income-producing properties, totaling 11.1 million square feet of gross leasable area, distributed across major markets in North America, Brazil, Europe, and Australia. The properties include outpatient, inpatient, and other health research facilities, characterized by long-term indexed leases and stable occupancies. The REIT leverages its global workforce in six countries to serve as a long-term real estate partner to leading healthcare operators.

The net proceeds from the Offering will be used to repay outstanding indebtedness, including the early redemption of the Series H Convertible Debentures, and for general corporate purposes. The REIT notes that the Series C Debentures are being offered on a private placement basis in each of the provinces of Canada, in reliance on exemptions from the prospectus requirements under applicable securities legislation.

The REIT has also informed that the Series C Debentures have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws. Therefore, they may not be offered, sold, or delivered in the United States or to U.S. persons except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.