Loblaw Companies Limited announced a private placement of senior unsecured notes in the aggregate principal amount of CAD 400,000,000 to qualified accredited investors on February 28, 2024. The notes will bear interest at a rate of 5.115% per annum and will mature on March 4, 2054. The notes will be unsecured obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company.

Subject to customary closing conditions, the Offering is expected to close on March 4, 2024. DBRS Limited has provided the Notes with a credit rating of ?BBB (high)? with a ?Stable?

trend and Standard and Poor?s Rating Services has provided the Notes with a credit rating of ?BBB?.