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Canadian Tire Bank completes a Credit Card Securitization Public Offering of C$550M

Date Closed

June 18, 2024

Lead Office

Toronto

Value

550.00 Million CAD

On June 18, 2024, Canadian Tire Bank completed a Credit Card Securitization Public Offering of C$514.25 million principal amount of 4.740% Credit Card Asset- Backed Senior Notes, Series 2024-1 and C$35.75 million principal amount of 5.588% of Credit Card Asset-Backed Subordinated Notes Issued by Glacier Credit Card Trust.

Canadian Tire Bank, headquartered in Oakville, Ontario, Canada, is the financial services subsidiary of the Canadian Tire retail chain.

McCarthy Tétrault assisted Canadian Tire Bank with a team led by Michael McConnell that included Francois Gilbert, Daryna Kutsyna, Olivia Trojko, Leila Far Soares, Amin Tehrani, Sharon Kretchmar, Angela Lizotte (Business) and Jeff Oldewening and Kathryn Walker (Tax).

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