Date Closed

June 16, 2020

Lead Office

Montréal

Value

700.00 Million CAD

On June 16, 2020, Saputo Inc. completed an offering of C$700 million of 2.242% medium term notes, Series 7, due 2027, through its Medium Term Notes Program. The proceeds of the offering will be used by Saputo for the repayment of indebtedness (including the repayment of indebtedness incurred in connection with Saputo’s acquisition of Dairy Crest Group plc) and for general corporate purposes. 

The offering of the Series 7 Notes was completed by a syndicate of dealers co-led by BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., and Scotia Capital Inc. and which included Desjardins Securities Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Merrill Lynch Canada Inc., MUFG Securities (Canada), Ltd. and Rabo Securities Canada, Inc.

Based in Montréal, Saputo Inc. is one of the top ten dairy processors in the world.

McCarthy Tétrault LLP advised the syndicate of dealers with a team led by Patrick Boucher that included Vincent Laurin and Loïc Sanscartier.