Canadian Tire Corporation Limited has closed a private placement offering of C$650 million (U.S.$495 mm) aggregate principal amount of unsecured medium term notes, consisting of C$250 million principal amount of 2.646 percent Series E Unsecured Medium Term Notes due July 6, 2020 and C$400 million principal amount of 3.167 percent Series F Unsecured Medium Term Notes due July 6, 2023.
The Notes are rated “BBB (high)” by DBRS Limited and “BBB+” by S&P Global Ratings. The Notes offering was led by RBC Capital Markets and BMO Capital Markets.
Canadian Tire Corporation Limited’s core business is Canadian Tire. The retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, the world’s largest hockey centric retailer and FGL (Sport Chek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere).
