TORONTO, March 20 /CNW/ - George Weston Limited ("Weston")(TSX: WN)
announced today that its subsidiary Loblaw Companies Limited closed an
$800 million, 5 year committed credit facility provided by a syndicate of
banks. This facility replaces Loblaw Companies Limited's existing
$500 million, 364 -day committed credit facility.
George Weston Limited is a Canadian public company founded in 1882 and
through its operating subsidiaries constitutes one of North America's largest
food processing and distribution groups. Weston has two reportable operating
segments: Weston Foods and Loblaw, which is operated by Loblaw Companies
Limited. The Weston Foods operating segment is primarily engaged in the baking
and dairy industries within North America. Loblaw is Canada's largest food
distributor and a leading provider of general merchandise, drugstore and
financial products and services.
For further information:
For further information: Geoffrey H. Wilson, Senior Vice President,
Shared Services, (416) 922-2500