DBRS Rates George Weston’s $350 Million Notes Issuance at BBB, Stable Trend

DBRS has today assigned a rating of BBB with a Stable trend on George Weston Limited’s issue of $350 million of Series 2-A medium-term notes (the Notes). The Notes are expected to pay a fixed rate of 3.78% per annum until maturity on October 25, 2016.

The Notes will rank pari passu with all other unsecured and unsubordinated indebtedness of George Weston Limited. Proceeds from the issue of the Notes will be used to refinance existing indebtedness and for general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodologies are Rating the Consumer Products Industry and Rating Companies in the Merchandising Industry, which can be found on our website under Methodologies.