Business
Loblaw Companies Limited to Issue $500 Million of Senior Unsecured Notes
Not for distribution to U.S. News Wire Services or dissemination in the United States. BRAMPT...
About this update from Loblaw Companies Limited
[{"type":"text","content":"Loblaw Companies Limited to Issue $500 Million of Senior Unsecured Notes\n\n\n\n Not for distribution to U.S. News Wire Services or dissemination in the United States.\n \n\n BRAMPTON, Ontario, Dec. 11, 2025 (GLOBE NEWSWIRE) --\n \n (TSX: L)\n \n – Loblaw Companies Limited (“Loblaw” or the “Company”) announced today that it has agreed to issue, on a private placement basis to qualified accredited investors in the Provinces of Canada, $500 million aggregate principal amount of senior unsecured notes of the Company (the “Notes”) that will bear interest at a rate of 4.387% per annum and will mature on June 16, 2035 (the “Offering”).\n \n\n The Notes will be sold at par and are being offered on an agency basis by a syndicate of agents led by CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets and Scotia Capital. Subject to customary closing conditions, the Offering is expected to close on December 16, 2025.\n \n\n The net proceeds of the Offering will be used by the Company to repay outstanding indebtedness under the Company’s syndicated revolving credit facility and for general corporate purposes.\n \n\n It is a condition of closing of the Offering that the Notes be rated at least “BBB (high)” with a “Positive” trend by Morningstar DBRS 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 the United States absent registration or an applicable exemption from the registration requirements. This press 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 Loblaw Companies Limited\n \n\n\n Loblaw is Canada’s food and pharmacy leader, and the nation’s largest retailer. Loblaw provides Canadians with grocery, pharmacy and health services, other health and beauty products, apparel, general merchandise, financial services and wire...