06:31 AM EDT, 09/04/2024 (MT Newswires) -- George Weston (WN.TO) late on Tuesday said it will issue $250 million of senior unsecured notes on a private placement basis.

The notes will pay 4.193% interest per year and mature on Sept. 5, 2029.

The notes are being offered by a syndicate of agents led by BMO Capital Markets, CIBC Capital Markets and RBC Capital Markets.

Proceeds from the offering, which is scheduled to close on Sept. 5, will be used for general corporate purposes, the company said.