Toronto advises Canadian Tire Corporation, Limited on C$650 million unsecured medium term note offering

Our Toronto office advised Canadian Tire Corporation, Limited on a completed C$650 million unsecured medium term note offering. 

The offering consisted of C$250 million 2.646% Series E unsecured medium term notes due July 6, 2020; and C$400 million 3.167% Series F unsecured medium term notes due July 6, 2023.

The net proceeds of the offering will be used by Canadian Tire to finance a portion of the previously announced acquisition of Helly Hansen, to repay indebtedness and / or for general corporate purposes.

The team was led by Pierre Dagenais and assisted by Trevor Zeyl.