Canadian Tire Bank complete C$450M securitization public offering of asset-backed senior notes
September 27, 2022
450.00 Million CAD
On September 27, 2022, Canadian Tire Bank completed a Credit Card Securitization Public Offering of C$450,000,000 principal amount of 4.958% Credit Card Asset- Backed Senior Notes, Series 2022-1 and C$29,250,000 principal amount of 6.108% of Credit Card Asset-Backed Subordinated Notes Issued By Glacier Credit Card Trust.
McCarthy Tétrault assisted Canadian Tire Bank with a team led by Michael McConnell that included Victoria Zed, Mary-Jeanne Phelan, Sharon Kretchmar and Adil Akbar (Business).