Date Closed

March 4, 2024

Lead Office

Toronto

Value

400.00 Million CAD

On March 4, 2024, Loblaw Companies Limited completed a private placement of C$400 million of 5.115% senior unsecured notes, Series 2054, due March 4, 2054. The agents were led by TD Securities Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and Scotia Capital Inc., as joint bookrunners, and included Citigroup Global Markets Canada Inc., Desjardins Securities Inc., Merrill Lynch Canada Inc., National Bank Financial Inc. and ATB Securities Inc. 

Loblaw is one of Canada's food and pharmacy leaders, and the nation's largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services. 

McCarthy Tétrault assisted the agents with a team led by Andrew Parker that included Jo-Anna Brimmer and Eric Frydrych (Business).