LOBLAW COMPANIES LIMITED TO ISSUE $800 MILLION OF SENIOR UNSECURED NOTES
BRAMPTON, ON , Aug. 22, 2022 |CNW| - (TSX: L ) – Today, Loblaw Companies Limited ("Loblaw" or the "Company") announced that it has agreed to issue, on a private placement basis to qualified accredited investors in each of the Provinces of Canada , $800 million aggregate principal amount of senior unsecured notes of the Company in two series (the "Offering"). The Offering includes (i) $400 million aggregate principal amount of series 2032 notes that will bear interest at a rate of 5.008% per annum and will mature on September 13, 2032 , and (ii) $400 million aggregate principal amount of series 2052 notes that will bear interest at a rate of 5.336% per annum and will mature on September 13, 2052 (collectively, the "Notes"). The Notes are being offered on an agency basis by a syndicate of agents led by TD Securities, CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets and Scotia Capital. Subject to customary closing conditions, the Offering is expected to close on September 13, 2022 .
LOBLAW COMPANIES LIMITED TO ISSUE $800 MILLION OF SENIOR UNSECURED NOTES
BRAMPTON, ON , Aug. 22, 2022 |CNW| - (TSX: L ) – Today, Loblaw Companies Limited ("Loblaw" or the "Company") announced that it has agreed to issue, on a private placement basis to qualified accredited investors in each of the Provinces of Canada , $800 million aggregate principal amount of senior unsecured notes of the Company in two series (the "Offering"). The Offering includes (i) $400 million aggregate principal amount of series 2032 notes that will bear interest at a rate of 5.008% per annum and will mature on September 13, 2032 , and (ii) $400 million aggregate principal amount of series 2052 notes that will bear interest at a rate of 5.336% per annum and will mature on September 13, 2052 (collectively, the "Notes"). The Notes are being offered on an agency basis by a syndicate of agents led by TD Securities, CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets and Scotia Capital. Subject to customary closing conditions, the Offering is expected to close on September 13, 2022 .