Loblaw Companies Limited announces pricing of $1.6 billion of senior unsecured notes

Loblaw Companies Limited announces pricing of $1.6 billion of senior unsecured 
BRAMPTON, ON, Sept. 5, 2013 /CNW/ - Loblaw Companies Limited (TSX: L) (the 
"Company") announced today the pricing of $1.6 billion aggregate principal 
amount of senior unsecured notes, consisting of $800 million of Senior 
Unsecured Notes, Series 2019 due March 12, 2019 (the "Series 2019 Notes") and 
$800 million of Senior Unsecured Notes, Series 2023, due September 12, 2023 
(the "Series 2023 Notes", and collectively with the Series 2019 Notes, the 
"Notes"). The Notes will be offered through an agency syndicate consisting 
of Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., 
RBC Dominion Securities Inc. and TD Securities Inc., as joint bookrunners, and 
including Desjardins Securities Inc., National Bank Financial Inc., Scotia 
Capital Inc., Citigroup Global Markets Canada Inc. and J.P. Morgan Securities 
Canada Inc. The settlement date is September 10, 2013. The Series 2019 Notes 
will pay a fixed rate of 3.748% until maturity on March 12, 2019. The Series 
2023 Notes will pay a fixed rate of 4.860% until maturity on September 12, 
2023. The Notes will be unsecured obligations of the Company and will rank 
equally with all other unsecured indebtedness of the Company that has not been 
subordinated. The net proceeds of the offering will either be applied toward 
partial payment of the cash portion of the purchase price for the acquisition 
of all of the outstanding common shares of Shoppers Drug Mart Corporation (the 
"Acquisition") or, if applicable, to repay indebtedness or for other general 
corporate purposes. 
The net proceeds from the offering will be placed in escrow and will be 
released from escrow upon satisfaction of the applicable release conditions. 
The Notes will also be subject to a special mandatory redemption in the event 
that the agreement relating to the Acquisition is terminated or the applicable 
escrow release conditions are not satisfied by April 30, 2014. The redemption 
price for any special mandatory redemption will be 100% of the aggregate 
principal amount of the Notes, together with accrued and unpaid interest on 
the Notes from and including the date of settlement up to but not including 
the date of the special mandatory redemption. 
The Company will file in Canada a prospectus supplement for this issue 
pursuant to its amended and restated short form base shelf prospectus dated 
August 29, 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 Series 2019 Notes and Series 2023 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 Series 2019 Notes and Series 2023 Notes in the United 
About Loblaw Companies Limited 
Loblaw Companies Limited, a subsidiary of George Weston Limited, is Canada's 
largest food retailer and a leading provider of drugstore, general merchandise 
and financial products and services. Loblaw is one of the largest private 
sector employers in Canada. With more than 1,000 corporate and franchised 
stores from coast to coast, Loblaw and its franchisees employ approximately 
134,000 full-time and part-time employees. Through its portfolio of store 
formats, Loblaw is committed to providing Canadians with a wide, growing and 
successful range of products and services to meet the everyday household 
demands of Canadian consumers. Loblaw is known for the quality, innovation and 
value of its food offering. It offers Canada's strongest control (private) 
label program, including the unique President's Choice(®), no name(®) and 
Joe Fresh(®) brands. In addition, the Company makes available to consumers 
President's Choice Financial(®) services and offers the PC(®) points and PC 
Plus™ loyalty program. For more information, visit Loblaw's website at 
www.loblaw.ca and Loblaw's issuer profile at www.sedar.com. 
Forward-Looking Statements 
This press release may contain forward-looking information within the meaning 
of applicable securities legislation, which reflects Loblaw's current 
expectations regarding future events. Forward-looking information is based on 
a number of assumptions and is subject to a number of risks and uncertainties, 
many of which are beyond Loblaw's control, that could cause actual results and 
events to differ materially from those that are disclosed in or implied by 
such forward-looking information. Such risks and uncertainties include, but 
are not limited to, changes in economic and market conditions, and other risks 
and uncertainties discussed in the Company's materials filed with the Canadian 
securities regulatory authorities from time to time, including the Enterprise 
Risks and Risk Management section of the Management's Discussion and Analysis 
("MD&A") and the MD&A included in the Company's 2012 Annual Report - Financial 
Review and the Risk Factors sections of the prospectus supplement to be filed 
on SEDAR and the amended and restated short form base shelf prospectus dated 
August 29, 2013. Loblaw does not undertake any obligation to update such 
forward-looking information, whether as a result of new information, future 
events or otherwise, except as expressly required by applicable law. 
Investor Enquiries, contact: Jonathan Ross Investor Relations (905) 861-2153 
Media Enquiries, contact: Julija Hunter Vice President, Public Relations (905) 
861-2437 julija.hunter@loblaw.ca 
SOURCE: Loblaw Companies Limited 
To view this news release in HTML formatting, please use the following URL: 
CO: Loblaw Companies Limited
ST: Ontario
-0- Sep/06/2013 00:42 GMT
Press spacebar to pause and continue. Press esc to stop.