Metro Inc announced a private placement of 3.469% Series M Senior Unsecured Notes for gross proceeds of CAD 350,000,000 on February 23, 2026. The notes carry a coupon of 3.469% per annum for an effective yield of 3.469% per annum if held to maturity. The notes will mature on February 25, 2031, subject to customary closing conditions.
The Series M Notes will be direct unsecured obligations of the company and will rank pari passu with all other unsecured and unsubordinated indebtedness of the company. The closing of the offering is expected to take place on February 25, 2026. The Series M Notes are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation.
Metro Inc. is a food and pharmacy retailer and distributor company. The Company, through its activities as a retailer, franchisor or distributor, and manufacturer operates or services a network of supermarkets, discount stores and pharmacies. It operates approximately 980 food stores under several banners, including Metro, Metro Plus, Super C, Food Basics, Adonis and Premiere Moisson, as well as 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners. The Metro banner, with its 328 stores including 120 Metro Plus stores in Quebec, is a supermarket chain. The Super C banner operates 103 discount stores in Quebec and offers a range of grocery products. Food Basics is a discount store providing quality products to customers in 144 locations across Ontario. Its Food Basics Pharmacy is a full-service pharmacy and offers professional services, such as health reminders and medical profiles, among others. It also provides e-commerce services.
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