Metro completes $600M senior unsecured notes offering

Metro Inc. (Metro) issued $300 million aggregate principal amount of 3.20 per cent Series C Senior Unsecured Notes due December 1, 2021, and $300 million aggregate principal amount of 5.03 per cent Series D Senior Unsecured Notes due December 1, 2044.

National Bank Financial Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. acted as joint book-running managers for the offering and Desjardins Securities Inc., RBC Dominion Securities Inc. Scotia Capital Inc. and TD Securities Inc. acted as co managers.

Metro was represented in-house by Simon Rivet, Vice President, General Counsel and Corporate Secretary, and Julien Fournier, Legal Counsel, and by Norton Rose Fulbright Canada LLP with a team that included Paul Raymond, Nicholas Cerminaro, Emmanuel Grondin, Renée Loiselle and Michelle Felsky (corporate finance and securities) as well as Jules Charette and Antoine Desroches (tax).

The syndicate for the offering of the notes was represented by Davies Ward Phillips & Vineberg LLP with a team that included Sébastien Roy, Elise Beauregard and Andrea Dupuis.