TORONTO, Sept. 14,
2023 /CNW/ - Canadian Tire Corporation, Limited (TSX:
CTC, TSX: CTC.A) today announced that it has closed a private
placement offering of C$600 million
aggregate principal amount of unsecured medium term notes,
consisting of C$400 million principal
amount of 5.372% Series G Unsecured Medium Term Notes due
September 16, 2030 (the "Series G
Notes") and C$200 million 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 are rated "BBB", with a stable trend, by DBRS Limited and
"BBB" by S&P Global Ratings.
BMO Capital Markets, CIBC Capital Markets and RBC Capital
Markets acted as joint bookrunners for the offering of the
Notes.
The Notes were offered on a private placement basis in each of
the provinces of Canada in
reliance upon exemptions from the prospectus requirements under
applicable securities legislation.
The Notes have not been and will not be qualified for sale to
the public under applicable securities laws in Canada and, accordingly, any offer and sale of
the Notes in Canada will be made
on a basis which is exempt from the prospectus requirements of such
securities laws. The Notes have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act") or any state securities laws and may not be
offered, sold or delivered in the United
States of America or its territories or possessions or to
U.S. persons (as defined in Regulation S under the U.S. Securities
Act).
About Canadian Tire Corporation
Canadian Tire Corporation, Limited, (TSX: CTC.A)
(TSX: CTC) or "CTC", is a group of companies that includes a
Retail segment, a Financial Services division and CT REIT. Our
retail business is led by Canadian Tire, which was founded in 1922
and provides Canadians with products for life in Canada across its Living, Playing, Fixing,
Automotive and Seasonal & Gardening divisions. Party City,
PartSource and Gas+ are key parts of the Canadian Tire network. The
Retail segment also includes Mark's, a leading source for casual
and industrial wear; Pro Hockey Life, a hockey specialty store
catering to elite players; and SportChek, Hockey Experts, Sports
Experts and Atmosphere, which offer the best active wear brands.
The company's close to 1,700 retail and gasoline outlets are
supported and strengthened by CTC's Financial Services division and
the tens of thousands of people employed across Canada and around the world by CTC and its
local dealers, franchisees and petroleum retailers. In addition,
CTC owns and operates Helly Hansen, a leading technical outdoor
brand based in Oslo, Norway. For
more information, visit Corp.CanadianTire.ca.
For further information:
Media: Stephanie Nadalin, (647) 271-7343,
stephanie.nadalin@cantire.com
Investors: Karen Keyes, (647)
518-4461, karen.keyes@cantire.com
SOURCE CANADIAN TIRE CORPORATION, LIMITED - INVESTOR
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