DBRS Assigns Rating of BBB to George Weston New Debt Issuance, Stable Trend

DBRS has today assigned a rating of BBB with a Stable trend to George Weston Limited’s (George Weston or the Company) issue of 4.115% $200 million senior unsecured notes (the Notes) due June 27, 2024.

The Notes will be direct unsecured obligations of George Weston and will rank equally and pari passu (except as to sinking funds) with all other present and future unsecured and unsubordinated debt of George Weston. The net proceeds of the offering will be used for general corporate purposes.

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

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