Business
Shoppers Drug Mart Corporation prices issuance of $450 million of Series 2 medium term notes
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, May 28 /...
About this update from Serrano Resources Ltd.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE\n\n\nSERVICES/\n\n\nTORONTO, May 28 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC) today\nannounced that it has priced the issuance of $450 million aggregate principal\namount of 4.99% unsecured medium term notes, Series 2, due June 3, 2013 for\naggregate net proceeds of $448,285,500. The notes will be offered pursuant to\na pricing supplement to the Company's short form base shelf prospectus dated\nMay 22, 2008. The pricing supplement will be filed with the securities\nregulatory authorities in each of the provinces of Canada. RBC Dominion\nSecurities Inc., Scotia Capital Inc., CIBC World Markets Inc., TD Securities\nInc., BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc. and National Bank\nFinancial Inc. are acting as agents with respect to this offering. The\nissuance of these notes is expected to close on or about June 2, 2008 and the\nproceeds will be used to refinance existing indebtedness. As a result of using\nthe proceeds to refinance existing indebtedness, the consolidated debt\nposition of the Company is expected to remain substantially unchanged.\n\n\nThis offering is only being made by way of prospectus. The pricing\nsupplement and the short form base shelf prospectus, including the documents\nincorporated by reference therein, contain important information concerning\nthese securities. Prospective investors should read the pricing supplement and\nthe short form base shelf prospectus before making an investment decision.\n\n\nThis news release does not constitute an offer to sell or the\nsolicitation of an offer to buy the securities in any jurisdiction. The\nsecurities being offered have not been approved or disapproved by any\nregulatory authority nor has any such authority passed upon the accuracy or\nadequacy of the pricing supplement or the short form base shelf prospectus.\n\n\nThe securities referred to herein have not been and will not be\nregistered under the United States Securities Act of 1933, as amended, or any\nstate securities laws and may not be offered, sold or delivered within the\nUnited States of America and its territories and possessions except in certain\ntransactions exempt from such registration requirements.\n\n\nCopies of the short form base shelf prospectus and the pricing supplement\nrelating to the offering ...