Canadian Tire Corporation completes private placement offering of $600M
by CM staff
BMO Capital Markets, CIBC Capital Markets and RBC Capital Markets acted as joint bookrunners for the offering of the notes.
TORONTO — Canadian Tire Corporation has closed a private placement offering of C$600 million aggregate principal amount of unsecured medium term notes, consisting of C$400 million principal amount of 5.372 per cent Series G Unsecured Medium Term Notes due September 16, 2030 and C$200 million principal amount of Floating Rate Series H Unsecured Medium Term Notes due September 14, 2026. The notes are rated “BBB”, with a stable trend, by DBRS Limited and “BBB” by S&P Global Ratings.
BMO Capital Markets, CIBC Capital Markets and RBC Capital Markets acted as joint bookrunners for the offering of the notes.
The notes were offered on a private placement basis in each of the provinces of Canada in reliance upon exemptions from the prospectus requirements under applicable securities legislation.
The notes have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the Notes in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws.
