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Metro Prices C$350 Million Private Placement Offering of Senior Notes

BY MT Newswires | CORPORATE | 02/24/26 06:02 AM EST

06:02 AM EST, 02/24/2026 (MT Newswires) -- Metro (MRU.TO) late on Monday priced a private placement offering of C$350 million of 3.469% senior unsecured notes due Feb. 25, 2031.

The Series M notes were priced at $1,000 per $1,000 principal amount, for an effective yield of 3.469% per annum if held to maturity.

Net proceeds from the offering will be used to repay debt under Metro's revolving credit facility and for general corporate purposes.

BMO Capital Markets, National Bank Capital Markets and Scotia Capital are acting as co-lead managers and joint-bookrunners for the offering. CIBC World Markets, Desjardins Securities, RBC Capital Markets, TD Securities and Casgrain & Company Limited are acting as co-managers.

The offering is scheduled to close on Feb. 25, subject to customary closing conditions.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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