Loblaw Companies Limited completes C$225 million preferred share issue

Date Closed: 6/20/2008

Value: C$225 million

On June 20, 2008, Loblaw Companies Limited (Loblaw) issued 9 million cumulative redeemable convertible Second Preferred Shares, Series A carrying a face value of $25.00 per share, to raise gross proceeds of $225 million. The Preferred Shares were placed by a syndicate of underwriters co-led by RBC Dominion Securities Inc. and CIBC World Markets Inc., and included BMO Nesbitt Burns Inc., Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc. and Merrill Lynch Canada Inc. Loblaw is Canada's largest food distributor and a leading provider of general merchandise products, drugstore and financial products and services.

Loblaw was represented by in-house counsel Robert Balcom and Adam Walsh who were assisted by BLG with a team that included Paul A.D. Mingay, Adam J. Segal and Shaunik Katyal (corporate and securities) and Larissa V. Tkachenko (tax).