Loblaw completes issuance of C$500 million of 4.387% senior unsecured notes

On December 16, 2025, Loblaw Companies Limited (“Loblaw”) announced that it completed its previously announced issuance, on a private placement basis in certain provinces of Canada, of C$500 million aggregate principal amount of senior unsecured notes. The notes bear interest at a rate of 4.387% per annum and mature on June 16, 2035.

The notes were sold on an agency basis by a syndicate of agents led by CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets and Scotia Capital. The notes are unsecured obligations of Loblaw and rank equally with all its existing and future unsecured and unsubordinated indebtedness.

Loblaw intends to use the net proceeds of the offering to repay outstanding indebtedness under its syndicated revolving credit facility and for general corporate purposes.

Further information can be found on GlobeNewswire’s website.

Loblaw is Canada’s food and pharmacy leader, and the nation’s largest retailer. It provides Canadians with grocery, pharmacy and health services, other health and beauty products, apparel, general merchandise, financial services and wireless mobile products and services. With more than 2,800 locations, Loblaw, its franchisees and Associate-owners employ more than 220,000 full- and part-time employees, making it one of Canada’s largest private sector employers.