TORONTO, June 1 /CNW/ - Canadian Tire Corporation, Limited today
completed its public offering of $200 million in seven-year Medium Term Notes
(MTN's) pursuant to its Short Form Base Shelf Prospectus dated April 8, 2009.
The MTN's carry a coupon rate of 5.65 percent and have a maturity date of
June 1, 2016. The MTN's are rated 'BBB+' by Standard and Poor's Rating
Services and 'A (low)' by Dominion Bond Rating Service Limited.
"Strong market interest and attractive rates in this offering indicate
continued investor confidence in Canadian Tire. The proceeds from this issue
will be used to retire MTN's maturing next year and for general corporate
purposes," said Huw Thomas, chief financial officer, Canadian Tire
RBC Capital Markets Inc. and TD Securities Inc. were joint leads and
book-runners on the offering. Other syndicate members included BMO Capital
Markets Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., Merrill
Lynch Canada Inc., National Bank Financial Inc. and Scotia Capital Inc.
Canadian Tire Corporation, Limited, operates more than 1,200 general
merchandise and apparel retail stores and gas stations in an inter-related
network of businesses engaged in retail, financial services and petroleum.
Canadian Tire Retail, Canada's most shopped general merchandise retailer, with
476 stores operated by dealers across Canada offers a unique mix of products
and services through three specialty categories in which the organization is
the market leader - Automotive, Sports and Leisure, and Home Products.
www.canadiantire.ca offers Canadians the opportunity to research more than
25,000 products online. PartSource is an automotive parts specialty chain with
87 stores designed to meet the needs of purchasers of automotive parts -
professional automotive installers and serious do-it-yourselfers. Canadian
Tire Petroleum is one of the country's largest and most productive independent
retailers of gasoline, operating 274 gas bars, 267 convenience stores and
kiosks, and 74 car washes. Mark's Work Wearhouse is one of the country's
leading apparel retailers operating 374 stores in Canada. Under the Clothes
that WorkTM marketing strategy, Mark's sells apparel and footwear in work,
work-related, casual and active-wear categories, as well as health-care and
business-to-business apparel. www.marks.com offers Canadians the opportunity
to shop for Mark's products online. Canadian Tire Financial Services has
issued over 5 million Canadian Tire MasterCard credit cards and also markets
related financial products and services for retail and petroleum customers.
Canadians can also access Financial Services online at www.ctfs.com. More than
57,000 Canadians work across Canadian Tire's organization from coast-to-coast
in the enterprise's retail, financial services, and petroleum businesses.
For further information:
For further information: Lisa Gibson, Canadian Tire, (416) 544-7655,