Canadian Tire Corporation, Limited completes C$600m private placement offering of unsecured medium term notes

Our Toronto and Montreal offices advised Canadian Tire Corporation, Limited on an offering of C$600m aggregate principal amount of unsecured medium term notes, consisting of C$400m aggregate principal amount of 5.372% Series G Unsecured Medium Term Notes due September 16, 2030 (the Series G Notes) and C$200m aggregate principal amount of Floating Rate Series H Unsecured Medium Term Notes due September 14, 2026 (the Series H Notes, and together with the Series G Notes, the Notes).

The Notes were offered on a private placement basis in each of the Canadian provinces in reliance upon exemptions from the prospectus requirements under applicable securities legislation.

The Series G Notes were priced at par, for an effective yield of 5.372% per annum if held to maturity. The Series H Notes were priced at par and bear interest at a per annum rate of Daily Compounded CORRA plus 1.00% payable quarterly.

BMO Nesbitt Burns Inc., CIBC World Markets Inc. and RBC Dominion Securities Inc. acted as joint bookrunners for the offering of the Notes, with a syndicate that included a number of financial institutions.