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George Weston Limited to Issue $250 Million of Senior Unsecured Notes
George Weston Limited to Issue $250 Million of Senior Unsecured Notes Canada NewsWire ...
About this update from George Weston Limited
[{"type":"text","content":"\n\n\n\n George Weston Limited to Issue $250 Million of Senior Unsecured 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.prntaj{\nTEXT-ALIGN: JUSTIFY\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. 3, 2024\n \n\n /CNW/ - (TSX: WN) – George Weston Limited (the \"Company\") announced today that it has agreed to issue, on a private placement basis to qualified accredited investors in each of the Provinces of\n \n Canada\n \n ,\n \n $250 million\n \n aggregate principal amount of senior unsecured notes of the Company (the \"Notes\") that will bear interest at a rate of 4.193% per annum and will mature on\n \n September 5, 2029\n \n (the \"Offering\").\n \n\n\n\n\n\n\n\n\n The Notes are being offered on an agency basis by a syndicate of agents led by BMO Capital Markets, CIBC Capital Markets, and RBC Capital Markets. Subject to customary closing conditions, the Offering is expected to close on\n \n September 5, 2024\n \n .\n \n\n The net proceeds of the Offering may be used by the Company for general corporate purposes.\n \n\n It is a condition of closing of the Offering that the Notes be rated at least \"BBB\" with a \"Stable\" trend by DBRS Limited and at least \"BBB\" by Standard and Poor's Rating Services. The Notes will be unsecured obligations of the Company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the Company.\n \n\n The Notes have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in\n \n the United States\n \n absent registration or an applicable exemption from the registration requirements. 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 Notes in any jurisdiction where such offer, solicitation or sale would be unlawful.\n \n\n\n About George Weston Limited\n \n\n\n George Weston Limited is a Canadian public company founded in 1882. The Company operates through its two reportable operating segments, Loblaw Companies Limited and Choice Properties ...