Canadian Tire to raise $650 mln in notes for Helly Hansen buy
Toronto-based retail business Canadian Tire Corp Ltd (TSX: CTC.A, CTC) has priced a private placement offering to raise $650 million of unsecured medium-term notes. The offering is expected to close on or about July 3. Canadian Tire said it will use the proceeds partly to help finance its acquisition of Helly Hansen, a Norwegian producer of men’s and women’s sports and work apparel and gear. Announced last month, the deal is valued at $985 million, not including debt. The seller is Ontario Teachers’ Pension Plan, Helly Hansen's majority owner since 2012.
12 June 2018•4 mins read
