On January 30, 2023, Metro Inc. priced a private placement offering of CAD 300 million 4.657% Series K Senior Unsecured Notes, due February 7, 2033. These notes were priced at CAD 1,000 per CAD 1,000 principal amount, targeting an effective yield of 4.657% annually if held to maturity. The proceeds aim to settle existing debt under Metro's revolving credit facility and cater to general corporate needs. With prior bond forward contracts, Metro expects an effective blended interest rate of approximately 4.71% annually for these notes. Co-lead managers and joint-bookrunners for this offering include BMO Capital Markets, National Bank Financial Markets, and RBC Capital Markets. Additionally, CIBC World Markets Inc., Desjardins Securities Inc., Scotia Capital Inc., TD Securities Inc., and Casgrain & Company Limited are co-managers. These notes, which are direct unsecured obligations of Metro, rank pari passu with Metro's other unsecured and unsubordinated debts. The Series K Notes were offered in Canada privately, using exemptions from prospectus mandates under relevant securities laws. They received provisional ratings of BBB with a positive trend by DBRS Limited and BBB from Standard & Poor's Ratings Services. By February 6, 2023, Metro Inc. confirmed the closing of this offering.