Leading Canadian food processor and distributor George Weston Limited is to sell to the public 10.6 million 5.15% Preferred Shares, Series II.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company has issued the shares to a syndicate of underwriters led by RBC Capital Markets, and they will be issued at a price of C$25 (US$15.68) per share, for aggregate gross proceeds of C$265m. The offering is expected to close on or about 11 April 2002.
The net proceeds of the issue will be added to the general funds of George Weston and used to refinance other indebtedness, including repayment of a portion of the Credit Facility incurred in connection with the acquisition of Bestfoods Baking and for general corporate purposes.
The company said that none of the foregoing securities will be offered or sold within the US or to US persons.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
