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Transaction/Case Details

Saputo offering of C$300 million of unsecured Medium Term Notes

DATE CLOSED

November 26, 2014

BUSINESS SECTOR

Food & Beverage

LEAD OFFICE

Montreal

VALUE

300 Million CAD


OVERVIEW

On November 26, 2014, Saputo Inc. announced that it had completed the closing of its previously announced offering of  C$300 million of 2.654% unsecured Medium Term Notes which will mature in 2019.  No incremental debt has been incurred by Saputo as a result of this filing.  DBRS has assigned  the issue a rating of A (low), stable.  Moody's has assigned a provisional rating of (P)Baa1, stable outlook, to Saputo's medium term note program.

The notes of the Corporation were distributed via agency offering by a syndicate of dealers including National Bank Financial Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc., Desjardins Securities Inc., Merrill Lynch Canada and Scotia Capital Inc.

Saputo, headquartered in Montréal, Québec, is a dairy company.

McCarthy Tétrault advised National Bank Financial Inc. with a team that included Patrick Boucher,  Fraser Bourne, Mark McEwan, and Richard O'Doherty.

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