DBRS Assigns Rating of A (low), Stable Trend, to Saputo Inc.’s Medium-Term Notes

DBRS Limited (DBRS) has today assigned a rating of A (low) to Saputo Inc.’s (Saputo) $300 million Series 4 Medium-Term Notes (the Notes) offering announced on June 6, 2017. The trend is Stable.

The senior unsecured debt issuance is made up of a single tranche of $300 million Series 4 Medium-Term Notes due in 2022.

The Notes will be unsecured obligations ranking pari passu with Saputo’s existing and future senior indebtedness. Saputo is expected to use the proceeds to repay a portion of its indebtedness under the 2013 credit facility.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The principal methodology is Rating Companies in the Consumer Products Industry (September 2016), which can be found on dbrs.com under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.