On December 12, 2024, Loblaw Companies Limited announced and closed its C$400 million offering of 3.564% senior unsecured notes, maturing on December 12, 2029. The notes were sold at par through a syndicate of agents led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., TD Securities Inc., CIBC World Markets Inc., and Scotia Capital Inc., with participation from Citigroup Global Markets Canada Inc., Desjardins Securities Inc., Merrill Lynch Canada Inc., National Bank Financial Inc., and ATB Securities Inc.

Proceeds were used to redeem Series B preferred shares and for general corporate purposes. Legal advisors included Torys LLP for Loblaw and McCarthy Tétrault LLP for the agents.