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Canadian Tire Corporation Completes Private Placement Offering of C$600 Million Unsecured Medium Term Notes
Canadian Tire Corporation Completes Private Placement Offering of C$600 Million Unsecured Medium ...
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[{"type":"text","content":"\n \n \n \n Canadian Tire Corporation Completes Private Placement Offering of C$600 Million Unsecured Medium Term Notes\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Sept. 14, 2023\n \n \n /CNW/ - Canadian Tire Corporation, Limited (TSX: CTC, TSX: CTC.A) today announced that it has closed a private placement offering of\n \n C$600 million\n \n aggregate principal amount of unsecured medium term notes, consisting of\n \n C$400 million\n \n principal amount of 5.372% Series G Unsecured Medium Term Notes due\n \n September 16, 2030\n \n (the \"Series G Notes\") and\n \n C$200 million\n \n principal amount of Floating Rate Series H Unsecured Medium Term Notes due\n \n September 14, 2026\n \n (the \"Series H Notes\", and together with the Series G Notes, the \"Notes\"). The Notes are rated \"BBB\", with a stable trend, by DBRS Limited and \"BBB\" by S&P Global Ratings.\n \n \n \n \n \n \n \n \n \n BMO Capital Markets, CIBC Capital Markets and RBC Capital Markets acted as joint bookrunners for the offering of the Notes.\n \n \n The Notes were offered on a private placement basis in each of the provinces of\n \n Canada\n \n in reliance upon exemptions from the prospectus requirements under applicable securities legislation.\n \n \n \n The Notes have not been and will not be qualified for sale to the public under applicable securities laws in\n \n Canada\n \n and, accordingly, any offer and sale of the Notes in\n \n Canada\n \n will be made on a basis which is exempt from the prospectus requirements of such securities laws. The Notes 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 laws and may not be offered, sold or delivered in\n \n the United States of America\n \n or its territories or possessions or to U.S. persons (as defined in Regulation S under the U.S. Securities Act).\n \n \n \n \n About Canadian Tire Corporation\n \n \n \n Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX:&#x...