Loblaw Raises $300 Million in Debt Placement

Loblaw Cos. here said that it has closed a $300 million (U.S.) fixed-rate private placement of debt.

TORONTO — Loblaw Cos. here said that it has closed a $300 million (U.S.) fixed-rate private placement of debt. The notes were issues in two equal tranches of $150 million consisting of five-year maturity at 6.48% and seven-year maturity at 6.86%. Loblaw said it would use the funds to repay maturing debt obligations.

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