MONTRÉAL, May 5, 2022
/CNW Telbec/ - Metro Inc. (Metro) today announced that it
has issued a notice of redemption for the entire C$300 million outstanding principal amount of its
2.68% Series F Senior Unsecured Notes due December 5, 2022 (CUSIP 59162NAE9) issued on
December 4, 2017 (the Notes).
A notice of redemption (the Redemption Notice) pursuant to
the terms of the indenture, dated as of September 30, 2005, governing the Notes (the
Indenture) is being distributed by Computershare Trust
Company of Canada (as transferee
of Natcan Trust Company), the trustee under the Indenture. The
Redemption Notice issued today states that the redemption date is
June 6, 2022 (the Redemption Date), the redemption
price is $1,001.36 per $1,000.00 principal amount of the
Notes, plus accrued and unpaid interest of $0.07 per $1,000.00
principal amount of the Notes, for an aggregate of $1,001.43 per $1,000.00 principal amount of the Notes. The
early redemption premium represents an amount of $408,000 before tax.
Questions regarding this redemption should be directed to
Computershare Trust Company of Canada, by telephone at (514) 982-7888 or by
facsimile at (514) 982-7635.
This announcement does not constitute an offer to buy or sell
or the solicitation of an offer to sell or buy any securities in
any jurisdiction. The securities mentioned herein have not
been and will not be qualified for sale to the public under
applicable Canadian securities laws and, accordingly, any offer and
sale of the securities in Canada
will be made on a basis which is exempt from the prospectus
requirements of such securities laws.
About Metro Inc.
With annual sales of $18 billion,
METRO Inc. is a food and pharmacy leader in Québec and Ontario. Its purpose is to nourish the health
and well-being of our communities. As a retailer, franchisor,
distributor, and manufacturer, the company operates or services a
network of some 950 food stores under several banners including
Metro, Metro Plus, Super C and Food Basics, as well as some 650
drugstores primarily under the Jean Coutu, Brunet, Metro Pharmacy
and Food Basics Pharmacy banners, providing employment to more than
90,000 people. For more details, visit corpo.metro.ca.
This press release contains forward-looking statements which
reflect management's expectations related to expected future events
including, but not limited to, statements relating to the proposed
redemption of Notes. This forward-looking information typically
contains the words "anticipate", "believe", "estimate", "intend",
"expect", "may", "will", "should", "potential", "plan", "project"
or other similar terms. These forward-looking statements are not
facts, but only reflections of management's estimates and
expectations. Although Metro believes that these statements are
based on information and assumptions which are current, reasonable
and complete, these statements are necessarily subject to a number
of factors that could cause actual results to differ materially
from management's expectations as set forth in such forward-looking
statements for a variety of reasons, including market and general
economic conditions and the risks and uncertainties discussed in
the "Risk Factors" section in disclosure materials filed from time
to time with Canadian securities regulatory authorities.
The forward-looking statements included in this press release
are made only as of the date hereof and Metro does not undertake to
publicly update these forward-looking statements to reflect new
information, future events or otherwise. In light of these risks,
uncertainties and assumptions, the forward-looking events contained
in these forward-looking statements may or may not occur. Metro
cannot assure that projected results or events will be
SOURCE METRO INC.