Not for distribution to U.S. News Wire Services or dissemination in the United States.

BRAMPTON, Ontario, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Loblaw Companies Limited ("Loblaw" or the "Company") announced today that it has completed its previously announced issuance (the "Offering"), on a private placement basis to qualified accredited investors in certain Provinces of Canada, of $500 million aggregate principal amount of senior unsecured notes of the Company (the "Notes"). The Notes bear interest at a rate of 4.387% per annum and mature on June 16, 2035.

The Company intends to use the net proceeds of the Offering to repay outstanding indebtedness under the Company's syndicated revolving credit facility and for general corporate purposes.

The Notes are unsecured obligations of the Company and rank equally with all existing and future unsecured and unsubordinated indebtedness of the Company.

Morningstar DBRS has provided the Notes with a credit rating of "BBB (high)" with a "Positive" trend and Standard and Poor's Rating Services has provided the Notes with a credit rating of "BBB+".

The Notes were sold on an agency basis by a syndicate of agents led by CIBC Capital Markets, RBC Capital Markets, ...