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LOBLAW COMPANIES LIMITED ANNOUNCES REDEMPTION OF $800 MILLION OF 4.860% SENIOR UNSECURED NOTES
LOBLAW COMPANIES LIMITED ANNOUNCES REDEMPTION OF $800 MILLION OF 4.860% SENIOR UNSECURED ...
About this update from Loblaw Companies Limited
[{"type":"text","content":"\n \n \n \n LOBLAW COMPANIES LIMITED ANNOUNCES REDEMPTION OF $800 MILLION OF 4.860% 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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n BRAMPTON, ON\n \n \n ,\n \n \n Aug. 22, 2022\n \n \n /CNW/ - Today, Loblaw Companies Limited (TSX: L) (\"Loblaw\" or the \"Company\") announced that it has provided holders of its 4.860% Series 2023 senior unsecured notes due\n \n September 12, 2023\n \n (the \"Series 2023 Notes\") with a notice of redemption pursuant to which Loblaw will redeem the entire outstanding principal amount of the Series 2023 Notes on\n \n September 21, 2022\n \n . As of the date hereof,\n \n $800 million\n \n aggregate principal amount of the Series 2023 Notes remains outstanding.\n \n \n On the redemption date, the Series 2023 Notes will be redeemed in accordance with their terms at a redemption price per\n \n $1,000\n \n principal amount of the Notes equal to\n \n $1,007.230\n \n plus accrued and unpaid interest up to but excluding the redemption date of\n \n $1.198\n \n , and will thereafter cease to be outstanding. The redemption of the Series 2023 Notes will be partially financed by an issuance, on a private placement basis, of senior unsecured notes of the Company (the \"Private Placement\") that is expected to close on\n \n September 13, 2022\n \n .\n \n \n \n About Loblaw Companies Limited\n \n \n \n Loblaw is\n \n Canada's\n \n food and pharmacy leader, and the nation's largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. With more than 2,400 corporate, franchised and Associate-owned locations, Loblaw, its franchisees and Associate-owners employ more than 190,000 full- and part-time employees, making it one of\n \n Canada's\n \n largest private sector employers.\n \n \n Loblaw's purpose – Live Life Well® – puts first the needs and well-being of Canadians who make one billion transactions annually in the company's stores. Loblaw is positi...