Northwire Canada EditionFriday, October 16, 2026
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Financings

Loblaw completes issuance of $500M of senior notes

By The Northwire Desk — AI Analysis Dec 16, 2025 · 18:40 L · 61.61 Loblaw Companies Ltd
L · Price

Executive Summary

  • Loblaw Companies Ltd. has completed the private placement issuance of $500 million in aggregate principal amount of senior unsecured notes.
  • The notes carry an interest rate of 4.387% per annum and are scheduled to mature on June 16, 2035.
  • Net proceeds from the offering will be utilized to repay outstanding indebtedness under the company's syndicated revolving credit facility and for general corporate purposes.

Key Details

  • Issuance Amount: $500 million aggregate principal amount of senior unsecured notes.
  • Interest Rate: 4.387% per annum.
  • Maturity Date: June 16, 2035.
  • Placement Type: Private placement to qualified accredited investors in certain provinces of Canada.
  • Use of Proceeds: Repayment of outstanding indebtedness under the syndicated revolving credit facility and general corporate purposes.
  • Credit Ratings:
    • Morningstar DBRS: BBB (high) with a positive trend.
    • Standard & Poor's Rating Services: BBB+.
  • Ranking: Unsecured obligations ranking equally with all existing and future unsecured and unsubordinated indebtedness of the company.
  • Underwriters/Agents: Syndicate led by CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets, and Scotia Capital.
  • Regulatory Status: Notes not registered under the U.S. Securities Act of 1933; not offered or sold in the United States.

Notable Quotes

  • None provided in the text.
Read the original news release →

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