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George Weston completes issuance of $250 million of senior unsecured notes

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.

Company

George Weston Limited

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)

Bank

BMO Capital Markets

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)
Public/Private Offering
Other
$ 250,000,000
Closed
03 September 2024