2014

George Weston Limited Announces Pricing of $200 Million of Senior Unsecured Notes

TORONTO, June 11, 2014 /CNW/ - George Weston Limited (TSX: WN) ("Weston") announced today the pricing of $200 million principal amount of Senior Unsecured Notes, Series 2024 (the "Notes"). The Notes will be offered through a syndicate of agents and the settlement date is expected to be on or about June 17, 2014. The Notes will pay a fixed rate of 4.115% until maturity on June 17, 2024. The Notes will be direct unsecured obligations of Weston and will rank equally and pari passu (except as to sinking funds) with all other present and future unsecured and unsubordinated debt of Weston. The net proceeds of the offering will be used for general corporate purposes.

Weston will file in Canada a prospectus supplement for this issue pursuant to its short form base shelf prospectus dated October 17, 2013. Details of the offering will be set out in the prospectus supplement, which will be available on the SEDAR website at www.sedar.com.

The Notes have not been and will not be registered under the United States Securities Act of 1933 and may not be offered, sold or delivered in the United States or to U.S. Persons absent registration or an applicable exemption from the registration requirement of such Act. This news release does not constitute an offer to sell or a solicitation to buy the Notes in the United States.

About George Weston Limited
Founded in 1882, George Weston Limited ("Weston") is a major Canadian public company, representing Canada's largest food and drug retail businesses through its control of Loblaw Companies Limited ("Loblaw") and Loblaw's recent acquisition of Shoppers Drug Mart. With over 2,300 stores the retail operations reach most Canadians serving their everyday food, health and wellness needs. Through Weston Foods, Weston is one of Canada's leading bakers, offering a wide selection of fresh and frozen products to the North American market. Weston also controls one of Canada's largest REITs, Choice Properties REIT.

With over 200,000 employees, Weston is Canada's largest private sector employer.

SOURCE George Weston Limited



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