Northwire Canada EditionFriday, October 16, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Financings

Loblaw Companies Limited to Issue $500 Million of Senior Unsecured Notes

By The Northwire Desk — AI Analysis Dec 11, 2025 · 17:48 L · 61.42 LOBLAW COMPANIES LIMITED
L · Price

Executive Summary

  • Loblaw Companies Limited announced a private placement of $500 million aggregate principal amount of senior unsecured notes bearing 4.387% interest, maturing June 16 2035.
  • The notes will be sold at par to qualified accredited investors in Canada through a syndicate led by CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets and Scotia Capital, with closing expected on December 16 2025.
  • Net proceeds are earmarked to repay outstanding indebtedness under the company’s syndicated revolving credit facility and for general corporate purposes.

Key Details

  • Offering Size: $500 million aggregate principal amount.
  • Interest Rate: 4.387% per annum.
  • Maturity Date: June 16 2035.
  • Pricing: Notes sold at par (100%).
  • Placement Structure: Private placement to qualified accredited investors in Canadian provinces only; not registered under U.S. securities laws.
  • Lead Underwriters/Syndicate: CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets, Scotia Capital.
  • Closing Conditions: Subject to customary conditions; expected closing date December 16 2025.
  • Rating Requirements: Minimum “BBB (high)” with a “Positive” trend from Morningstar DBRS and at least “BBB+” from S&P at closing.
  • Security: Unsecured obligations, ranking equally with all existing and future unsecured, unsubordinated indebtedness of Loblaw.
  • Use of Proceeds:
  • Repayment of outstanding debt under the company’s syndicated revolving credit facility.
  • General corporate purposes.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

More from LOBLAW COMPANIES LIMITED

Jul 01, 2026 · 08:35

PC Financial sale closes as guided; Loblaw executes divestiture on schedule, stock rallies modestly into the print.

M&A / Property Jun 16, 2026 · 08:05

Loblaw's Q1 2026 Beat Driven by Amortization Tailwind and PC Financial Divestiture Progress; EQB Integration Signals Strategic Shift

M&A / Property May 26, 2026 · 11:48

Inflation Data and Marketing Updates Provide Context, But Core Value Drivers Remain Anchored to PC Financial Divestiture

Other May 26, 2026 · 07:00

Loblaw maintains steady retail momentum ahead of PC Financial sale closing

Other May 26, 2026 · 07:00

Loblaw Maintains Momentum with Seasonal Activations as EQB Deal Nears Closing

Other May 19, 2026 · 07:00

Loblaw's Q1 Growth Masks Margin Pressure as PC Financial Sale Nears Closing

Other