Nexus Industrial REIT Announces Successful $300 Million Unsecured Debenture Offering

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TORONTO, Sept. 18, 2026 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “ REIT ”) (TSX: NXR.UN) announced today that it has priced a private placement offering (the “ Offering ”) of $300 million aggregate principal amount of senior unsecured debentures (the “ Debentures ”) maturing March 29, 2030. The Debentures are being offered on a private placement basis in each of the provinces of Canada by a syndicate of agents led by BMO Capital Markets, Desjardins Capital Markets and RBC Capital Markets as joint bookrunners, and which includes National Bank Capital Markets, Scotia Capital, CIBC Capital Markets, ATB Cormark Capital Markets and TD Securities.

The Debentures will be issued at a price of $1,000 per $1,000 principal amount and bear interest at a fixed annual rate of 4.563% per annum, payable in equal semi-annual instalments in arrears on March 29 and September 29 in each year, commencing on March 29, 2027 until maturity, unless redeemed at an earlier date. The Debentures will be direct senior unsecured obligations of the REIT and will rank equally and rateably with all other unsecured and unsubordinated indebtedness of the REIT, except to the extent prescribed by law.

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It is a condition of closing of the Offering that the Debentures be rated at least BBB (low) with a Stable trend by Morningstar DBRS. The REIT intends to use the net proceeds from the Offering to repay existing indebtedness and for general trust purposes. The closing of the Offering is expected to take place on or about September 29, 2026.

The Debentures have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer or sale of the Debentures in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The Debentures have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any state securities law and may not be offered or sold in the United States and, accordingly, may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, U.S. Persons (as defined in the U.S. Securities Act) except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. The Debentures will not be listed on any stock exchange and there will be no market for such securities. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties.