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Loblaw completes offering of C$400M senior unsecured notes, Series 2029

Date Closed

December 12, 2024

Lead Office

Toronto

Value

400.00 Million CAD

On December 12, 2024, Loblaw Companies Limited completed a private placement of C$400,000,000 aggregate principal amount of 3.564% senior unsecured notes, Series 2029, due December 12, 2029. The agents were led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., TD Securities Inc., CIBC World Markets Inc. and Scotia Capital Inc., as joint bookrunners, and included Citigroup Global Markets Canada Inc., Desjardins Securities Inc., Merrill Lynch Canada Inc., National Bank Financial Inc. and ATB Securities Inc.

Loblaw is one of Canada's food and pharmacy leaders, and the nation's largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services.

McCarthy Tétrault assisted RBC Capital Markets, as agents, with a team led by Andrew Parker that included Jo-Anna Brimmer and Eric Frydrych (Business).

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