On February 23, 2026, METRO INC. announced the pricing of a private placement offering of C$350 million aggregate principal amount of 3.469% Series M Senior Unsecured Notes due February 25, 2031. The Series M Notes carry a coupon of 3.469% and were priced at $1,000 per $1,000 principal amount, for an effective yield of 3.469% per annum if held to maturity. As the offering is denominated in Canadian dollars, no foreign currency conversion is applicable. Metro intends to use the net proceeds of the offering for the repayment of indebtedness incurred under its revolving credit facility and for general corporate purposes.

BMO Capital Markets, National Bank Capital Markets and Scotia Capital Inc. are acting as co-lead managers and joint-bookrunners for the offering and CIBC World Markets Inc., Desjardins Securities Inc., RBC Capital Markets, TD Securities Inc. and Casgrain & Company Limited are acting as co-managers. The Series M Notes will be direct unsecured obligations of Metro and will rank pari passu with all other unsecured and unsubordinated indebtedness of Metro. The Series M Notes are being offered in Canada on a private placement basis and have been assigned provisional ratings of BBB (high) with a Stable trend by DBRS Limited, and BBB by Standard & Poor's Ratings Services.