TORONTO, Feb. 07, 2019 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) announced today that it has closed on a $350 million, five-year non-revolving unsecured credit facility with a maturity date of February 7, 2024 and, through an interest rate swap, bears an annual fixed interest rate of 3.339%. The credit facility is with three financial institutions, which include two Schedule I banks and one Schedule III bank. RioCan has fully drawn on the credit facility to repay certain debt and for general trust purposes. Under the terms of the credit agreement, RioCan is required to maintain certain financial covenants similar to those of its revolving unsecured operating line of credit and other non-revolving unsecured credit facilities.