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Canadian Tire Bank complete C$450M securitization public offering of asset-backed senior notes

Date Closed

September 27, 2022

Lead Office



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).