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BRAMPTON, Ontario, Dec. 16, 2025 (GLOBE NEWSWIRE) — Loblaw Companies Limited (“Loblaw” or the “Company”) announced today that it has completed its previously announced issuance (the “Offering”), on a private placement basis to qualified accredited investors in certain Provinces of Canada, of $500 million aggregate principal amount of senior unsecured notes of the Company (the “Notes”). The Notes bear interest at a rate of 4.387% per annum and mature on June 16, 2035.
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The Company intends to use the net proceeds of the Offering to repay outstanding indebtedness under the Company’s syndicated revolving credit facility and for general corporate purposes.
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The Notes are unsecured obligations of the Company and rank equally with all existing and future unsecured and unsubordinated indebtedness of the Company.
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Morningstar DBRS has provided the Notes with a credit rating of “BBB (high)” with a “Positive” trend and Standard and Poor’s Rating Services has provided the Notes with a credit rating of “BBB+”.
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The Notes were sold on an agency basis by a syndicate of agents led by CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets and Scotia Capital. The Notes have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Notes in any jurisdiction where such offer, solicitation or sale would be unlawful.
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About Loblaw Companies Limited
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Loblaw is Canada’s food and pharmacy leader, and the nation’s largest retailer. Loblaw provides Canadians with grocery, pharmacy and health services, other health and beauty products, apparel, general merchandise, financial services and wireless mobile products and services. With more than 2,800 locations, Loblaw, its franchisees and Associate-owners employ more than 220,000 full- and part-time employees, making it one of Canada’s largest private sector employers.
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Loblaw’s purpose — Live Life Well® — puts first the needs and well-being of Canadians who make one billion transactions annually in the Company’s stores. Loblaw is positioned to meet and exceed those needs in many ways: convenient locations; more than 1,100 grocery stores that span the value spectrum from discount to specialty; full-service pharmacies at nearly 1,400 Shoppers Drug Mart® and Pharmaprix® locations and in close to 500 grocery stores; PC Financial® services; affordable Joe Fresh® fashion and family apparel; and four of Canada’s top-consumer brands in Life Brand®, Farmer’s Market™, no name® and President’s Choice®. For more information, visit Loblaw’s website at www.loblaw.ca and Loblaw’s issuer profile at www.sedarplus.ca.
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