LOBLAW COMPANIES LIMITED TO ISSUE $400 MILLION OF SENIOR UNSECURED NOTES
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2024
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Source: Yahoo Finance
Loblaw Companies Limited Offering: Loblaw announced a private placement of $400 million in senior unsecured notes with a 3.564% interest rate, maturing on December 12, 2029, to be used for redeeming preferred shares and general corporate purposes.
Conditions and Ratings: The offering is contingent upon the notes receiving at least "BBB (high)" rating from Morningstar DBRS and "BBB+" from Standard and Poor's, and the notes will not be registered under U.S. securities law.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
