NWC The North West Company Inc

(TSX:NWC): The North West Company Inc. ("North West") is pleased to announce the
closing of the previously announced refinancing of its US$70 million 6.55%
senior notes.


The refinancing was completed by the private placement issuance of US$55 million
3.27% senior notes and US$15 million floating rate senior notes at LIBOR plus a
spread. These senior notes mature on June 16, 2021 and are secured by a floating
charge against the assets of the Company and rank pari passu with North West's
other senior debt.


Company Profile

The North West Company Inc., through its subsidiaries, is a leading retailer of
food and everyday products and services to rural communities and urban
neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North
West operates 226 stores under the trading names Northern, NorthMart, Giant
Tiger, AC Value Center and Cost-U-Less and has annualized sales of approximately
CDN$1.5 billion. The common shares of North West trade on the Toronto Stock
Exchange under the symbol NWC.


FOR FURTHER INFORMATION PLEASE CONTACT: 
The North West Company Inc.
Edward Kennedy
President and CEO
204-934-1482
204-934-1317 (FAX)
ekennedy@northwest.ca


The North West Company Inc.
John King
Chief Financial Officer
204-934-1397
204-934-1317 (FAX)
jking@northwest.ca


The North West Company Inc.
Paulina Hiebert
Vice President Legal and Corporate Secretary
204-934-1756
204-934-1317 (FAX)
phiebert@northwest.ca
www.northwest.ca

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