On December 22, 2022, Saputo Inc. announced its Medium-Term Notes (MTN) program, enabling the issuance of unsecured notes over a 25-month period. The syndicate of underwriters includes National Bank Financial Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., Desjardins Securities Inc., Merrill Lynch Canada Inc., MUFG Securities (Canada), Ltd., Rabo Securities Canada, Inc., and TD Securities Inc.

Legal counsel is provided by Stikeman Elliott LLP for Saputo and McCarthy Tétrault LLP for the dealers. Proceeds from the program will be used for debt repayment, acquisitions, and general corporate purposes. The notes, guaranteed by key subsidiaries, have received investment-grade ratings from DBRS (BBB) and Moody’s (Baa1).