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Canadian Tire Corporation Announces Redemption Of Medium-term Notes

TORONTO, May 26 , 2014 /CNW/ - Canadian Tire Corporation, Limited (CTC) (TSX:CTC, TSX:CTC.a)  announced today that it has exercised its right to redeem all $200 million of the outstanding 5.65% Series D medium-term notes due June 1, 2016 (the " Series D Notes") on the following terms:
  • Redemption Date: June 25, 2014
  • Redemption Price: $1,074.840 per $1,000 principal amount
  • Accrued and Unpaid Interest: $3.715 per $1,000 principal amount.
  • Total Redemption Price and Accrued and Unpaid Interest: $1,078.555 per $1,000 principal amount.

The redemption price has been determined in accordance with the provisions of the Trust Indenture dated March 14, 2005 and the Fourth Supplemental Trust Indenture dated June 1, 2009.  Interest accrued on the Series D Notes up to, but not including, the redemption date will be paid on the redemption date.

A notice of redemption will be delivered today to CDS Clearing and Depositary Services Inc. (" CDS") who is the registered holder of the Series D Notes. Non-registered holders who maintain their interests in the Series D Notes through CDS should contact their CDS customer services representatives with any questions about the redemption.  Alternatively, beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution, which holds interests in the Series D Notes on their behalf. The Trustee for the Series D Notes, BNY Trust Company of Canada (as attorney for CIBC Mellon Trust Company), may also be contacted toll free at 1-800-254-2826 or by email at


All statements other than statements of historical facts included in this press release may constitute forward-looking information, including but not limited to statements concerning management's expectations relating to the redemption of the Series D Notes and the redemption date. Often but not always, forward-looking information can be identified by the use of forward-looking terminology such as "may", "will", "expect", "believe", "estimate", "plan", "could", "should", "would", "outlook", "forecast", "anticipate", "foresee", "continue" or the negative of these terms or variations of them or similar terminology. Forward-looking information is based on the reasonable assumptions, estimates, analyses, beliefs and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable at the date that such information is provided.

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