Senior Unsecured Notes
Search documents
Loblaw Companies Limited Completes Issuance of $500 Million of Senior Unsecured Notes
Globenewswire· 2025-12-16 13:33
Core Viewpoint - Loblaw Companies Limited has successfully completed a private placement offering of $500 million in senior unsecured notes, which will be used to repay existing debt and for general corporate purposes [2][3]. Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of senior unsecured notes with an interest rate of 4.387% per annum, maturing on June 16, 2035 [2]. - The notes are unsecured obligations and rank equally with all existing and future unsecured and unsubordinated indebtedness of the company [3]. Group 2: Credit Ratings - Morningstar DBRS has assigned a credit rating of "BBB (high)" with a "Positive" trend to the notes, while Standard and Poor's Rating Services has rated them "BBB+" [4]. Group 3: Company Overview - Loblaw is Canada's leading food and pharmacy retailer, operating over 2,800 locations and employing more than 220,000 individuals [6]. - The company offers a wide range of products and services, including grocery, pharmacy, health services, apparel, and financial services, catering to the needs of Canadians [6][7].
Obsidian Energy Announces Closing of $175 Million, 5-Year Senior Unsecured Notes Due in 2030 and Redemption of Existing $80.8 Million Senior Unsecured Notes Due in 2027
Newsfile· 2025-12-03 22:00
Core Viewpoint - Obsidian Energy has successfully closed a private placement offering of $175 million in senior unsecured notes due in 2030, while redeeming existing notes due in 2027, thereby restructuring its debt profile and improving financial flexibility [1][2]. Group 1: Financial Details - The company issued $175 million of 8.125% five-year senior unsecured notes due December 3, 2030, at par [1]. - A portion of the proceeds from the offering was used to redeem $80.8 million of 11.95% senior unsecured notes due July 27, 2027 [2]. - The remaining proceeds were allocated to pay down debt under a $235 million syndicated credit facility, which had approximately $8 million outstanding at closing [2]. Group 2: Underwriters and Regulatory Information - BMO Capital Markets and RBC Capital Markets acted as bookrunners for the offering [3]. - The 2030 Notes are not registered under U.S. securities laws and are offered only under applicable exemptions [3]. Group 3: Company Overview - Obsidian Energy is an intermediate-sized oil and gas producer with a diverse portfolio of high-quality assets primarily located in Alberta [5]. - The company focuses on exploring, developing, and holding interests in oil and natural gas properties within the Western Canada Sedimentary Basin [5].