Loblaw Completes $400 Million Note Issuance

Loblaw Companies (TSE:L) has released an update.

Loblaw Companies Limited has successfully completed the issuance of $400 million in senior unsecured notes, which will be used to redeem preferred shares and for general corporate purposes. The notes have been given a credit rating of ‘BBB (high)’ by Morningstar DBRS and ‘BBB+’ by Standard and Poor’s, reflecting a stable financial outlook.

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