Press Releases

2020-05-07 Loblaw Companies Limited Completes Issuance of $350 Million of Senior Unsecured Notes
– Today, Loblaw Companies Limited ("Loblaw" or the "Company") announced that it has completed its previously announced issuance, on a private placement basis to qualified accredited investors (the "Offering"), of $350 million aggregate principal amount of senior unsecured notes bearing interest at a rate of 2.284% per annum and maturing on May 7, 2030 (the "Notes"). The Company intends to use the net proceeds of the Offering to partially fund the repayment of its outstanding $350 million aggregate principal amount of 5.22% Medium Term Notes, Series 2-B maturing June 18, 2020 and for general corporate purposes. The Notes are unsecured and rank pari passu with all other unsecured and unsubordinated indebtedness of the Company. DBRS Limited has provided the Notes with a credit rating of "BBB" with a "Positive" outlook and Standard and Poor's Rating Services has provided the Notes with a credit rating of "BBB". The Notes were sold on an agency basis by a syndicate of agents led by TD...
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2020-04-30 Loblaw Companies Limited Announces Election of Directors
Loblaw Companies Limited ("Loblaw") (TSX: L) today announced that all of the nominee directors listed in the management proxy circular dated March 13, 2020, were elected as directors of Loblaw. The vote was conducted at the Company's Annual Meeting of Shareholders, held in a virtual meeting format, on April 30, 2020. The results of the vote are set out below: Name of Nominee Votes For Votes Withheld Paviter S. Binning 312,955,584 99.80% 640,588 0.20% Scott B. Bonham 313,434,219 99.95% 161,953 0.05% Warren Bryant 313,023,800 99.82% 572,372 0.18% Christie J.B. Clark 312,685,664 99.71% 910,508 0.29% Daniel Debow 313,490,767 99.97% 105,405 0.03% William A. Downe 309,136,582 98.58% 4,459,590 1.42% Janice Fukakusa 313,561,007 99.99% 35,165 0.01% M. Marianne Harris 313,565,548 99.99% 30,624 0.01% Claudia Kotchka 313,019,781 99.82% 576,391 0.18% Beth Pritchard 313,018,302 99.82% 577,870 0.18% Sarah Raiss 313,032,411 99.82% 563,761 0.18% Galen G. Weston 304,742,221 97.18% 8,853,951 2.82% About...
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