Loblaw Companies (TSE:L) has released an update.
Loblaw Companies Limited has successfully issued $400 million in senior unsecured notes with a 5.115% interest rate, maturing in 2054, aimed at repaying existing debts and funding general corporate activities. The notes, rated ‘BBB (high)’ by DBRS Limited and ‘BBB’ by S&P, were sold to accredited investors in Canada and are equal in standing with the company’s other unsecured debts. This move underscores Loblaw’s ongoing financial strategy to maintain a solid balance sheet.
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