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Financings

Loblaw Companies Limited Completes Issuance of $500 Million of Senior Unsecured Notes

By The Northwire Desk — AI Analysis Dec 16, 2025 · 08:33 L · 61.61 LOBLAW COMPANIES LIMITED
L · Price

Executive Summary

  • Loblaw Companies Limited completed a private placement of $500 million senior unsecured notes bearing 4.387% interest, maturing June 16 2035.
  • Net proceeds will be used to repay indebtedness under the company’s syndicated revolving credit facility and for general corporate purposes.
  • The notes received a “BBB (high)” rating with a Positive trend from Morningstar DBRS and a “BBB+” rating from S&P.

Key Details

  • Offering Size: $500 million aggregate principal amount.
  • Interest Rate: 4.387% per annum.
  • Maturity Date: June 16, 2035.
  • Use of Proceeds: Repayment of outstanding indebtedness under the syndicated revolving credit facility; remaining funds for general corporate purposes.
  • Credit Ratings: Morningstar DBRS – “BBB (high)” with Positive trend; S&P – “BBB+”.
  • Placement Structure: Private placement to qualified accredited investors in selected Canadian provinces; not registered under U.S. securities laws.
  • Syndicate Agents: CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets, and Scotia Capital (lead agents).
  • Security: Unsecured obligations ranking equally with all existing and future unsecured, unsubordinated indebtedness of Loblaw.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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