Saputo Inc. completes C$400 million offering of Medium Term Notes

Date Closed

November 19, 2019

Lead Office

Montréal

Value

400.00 Million CAD

On November 19, 2019, Saputo Inc. ("Saputo") completed an offering of C$400 million of 2.876% medium term notes due 2024 (the Series 6 Notes) through its Medium Term Notes Program. The Series 6 Notes have been assigned a rating of BBB (high) with a Stable Trend by DBRS Limited and a rating of Baa1 with a Stable Outlook by Moody's Canada Inc. The proceeds of the offering will be used by Saputo for the repayment of indebtedness (including the principal amount of Series 1 medium term notes due 2019) and for general corporate purposes.

The offering of the Series 6 Notes was completed by a syndicate of dealers co-led by National Bank Financial Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. and which included Desjardins Securities Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Merrill Lynch Canada Inc., MUFG Securities (Canada), Ltd. and Rabo Securities Canada, Inc.

McCarthy Tétrault LLP advised syndicate of dealers with a team led by Patrick Boucher that included Vincent Laurin, Konstantin Sobolevski and Sunny Yang.

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