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Saputo Inc. completes C$350M offering of Medium Term Notes

Date Closed

August 14, 2018

Lead Office

Montréal

Value

350.00 Million CAD

On August 14, 2018, Saputo Inc. ("Saputo") completed an offering of C$350 million of 3.603% medium term notes due 2025 (the "Series 5 Notes") through its Medium Term Notes Program. The Series 5 Notes have been assigned a rating of A (low) with a Stable Trend by DBRS Limited and a rating of A3 with a Stable Outlook by Moody's Canada Inc. The proceeds of the offering will be used by Saputo for the repayment of indebtedness and for general corporate purposes.

The offering of the Series 5 Notes was completed by a syndicate of dealers co-led by BMO Nesbitt Burns Inc., National Bank Financial Inc. and RBC Dominion Securities Inc. and which included Desjardins Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., Merrill Lynch Canada Inc., MUFG Securities (Canada), Ltd. and Rabo Securities Canada, Inc.

McCarthy Tétrault LLP advised the syndicate of dealers with a team led by Patrick Boucher that included Konstantin Sobolevski and Thomas Etienne.

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