George Weston plans up to C$1 billion of debt and preferred share deals over next 25 months

By Cristal Cody

Tupelo, Miss., Sept. 26 - George Weston Ltd. intends to offer up to C$1 billion of debt securities and preferred shares over the next 25 months, according to a preliminary prospectus.

The specific use of proceeds will be released in a prospectus supplement. Proceeds that are not immediately required may be invested in short-term marketable securities, according to the preliminary prospectus filed after the markets closed on Wednesday with Canadian securities regulatory authorities.

George Weston is a Toronto-based holding company that operates subsidiaries that include fresh and frozen baking unit Weston Foods (Canada) Inc. and food retailer Loblaw Companies Ltd.

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