Metro Inc. Completes C$600 Million Senior Unsecured Notes Offering

December 1, 2014

Client: Metro Inc.

On December 1, 2014, Metro Inc. (Metro) issued C$300 million aggregate principal amount of 3.20% Series C Senior Unsecured Notes due December 1, 2021 and C$300 million aggregate principal amount of 5.03% Series D Senior Unsecured Notes due December 1, 2044.

National Bank Financial Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. acted as joint book-running managers for the offering and Desjardins Securities Inc., RBC Dominion Securities Inc. Scotia Capital Inc. and TD Securities Inc. acted as co managers.

Metro was represented in-house by Simon Rivet, Vice President, General Counsel and Corporate Secretary, and Julien Fournier, Legal Counsel, and by Norton Rose Fulbright Canada LLP with a team that included Paul Raymond, Nicholas Cerminaro, Emmanuel Grondin, Renée Loiselle and Michelle Felsky (Corporate finance and securities) as well as Jules Charette and Antoine Desroches (Tax).