TORONTO,
June 11, 2014 /CNW/ - George Weston
Limited (TSX: WN) ("Weston") announced today the pricing of
$200 million principal amount of
Senior Unsecured Notes, Series 2024 (the "Notes"). The Notes will
be offered through a syndicate of agents and the settlement date is
expected to be on or about June 17,
2014. The Notes will pay a fixed rate of 4.115% until
maturity on June 17, 2024. The Notes
will be direct unsecured obligations of Weston and will rank equally and pari
passu (except as to sinking funds) with all other present and
future unsecured and unsubordinated debt of Weston. The net proceeds of the offering will
be used for general corporate purposes.
Weston will
file in Canada a prospectus
supplement for this issue pursuant to its short form base shelf
prospectus dated October 17, 2013.
Details of the offering will be set out in the prospectus
supplement, which will be available on the SEDAR website at
www.sedar.com.
The Notes have not been and will not be
registered under the United States Securities Act of 1933 and may
not be offered, sold or delivered in the
United States or to U.S. Persons absent registration or an
applicable exemption from the registration requirement of such Act.
This news release does not constitute an offer to sell or a
solicitation to buy the Notes in the
United States.
About George Weston Limited
Founded in 1882, George Weston Limited ("Weston") is a major
Canadian public company, representing Canada's largest food and drug retail
businesses through its control of Loblaw Companies Limited
("Loblaw") and Loblaw's recent acquisition of Shoppers Drug Mart.
With over 2,300 stores the retail operations reach most Canadians
serving their everyday food, health and wellness needs. Through
Weston Foods, Weston is one of
Canada's leading bakers, offering
a wide selection of fresh and frozen products to the North American
market. Weston also controls one
of Canada's largest REITs, Choice
Properties REIT.
With over 200,000 employees, Weston is Canada's largest private sector employer.
SOURCE George Weston Limited