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George Weston Limited, a prominent Canadian public company, has successfully completed the issuance of $250 million in senior unsecured notes.
George Weston operates through its two reportable operating segments, Loblaw Companies Limited ("Loblaw") and Choice Properties Real Estate Investment Trust ("Choice Properties").
Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. Choice Properties owns, manages and develops a high-quality portfolio of commercial and residential properties across Canada.
The offering was comprised of $250 million aggregate principal amount of series 2029 notes bearing interest at a rate of 4.193 percent per annum and maturing on September 5, 2029
The net proceeds from this offering are intended for general corporate purposes.
The notes were sold on an agency basis by a syndicate led by BMO Capital Markets, CIBC Capital Markets, and RBC Capital Markets.
Parties
Company
George Weston Limited
Bank
BMO Capital Markets
Deal Type
Public/Private OfferingIndustry
OtherTransaction
$ 250,000,000Deal Status
ClosedClosing Date
03 September 2024