Credit Facilities
1Retail borrowers include Canadian Tire Corporation, Limited and Helly Hansen AS. Helly Hansen has a 175 million Norwegian Krone (”NOK”) secured overdraft facility ($23.9 million Canadian dollar equivalent) provided by a Norwegian bank. As at March 29, 2025, Helly Hansen had no borrowings outstanding on this facility.
2Retail usage includes the back-stop for U.S. commercial paper, which had $736 million Canadian dollar equivalent outstanding as at March 29,2025 (see below). CT REIT usage includes $2.5 million letters of credit outstanding under its committed bank lines.
3On April 30, 2025, a new $300 million secured line of credit and a $1.2 billion note purchase facility from RBC became effective, expiring in April 2028.
U.S. Commercial Paper
Canadian Tire Corporation, Limited (CTC) has a U.S. dollar-denominated commercial paper (CP) program that allows it to issue up to a maximum aggregate principal amount of US$1.0 billion of short-term promissory notes into the U.S. Tier 2 market. CP can be issued under this program with terms to maturity ranging from one to 270 days. Any CP issuance made under this program will rank equally in right of payment with all other unsecured and unsubordinated obligations to creditors of CTC.