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Equitable Bank has assumed the role of performance guarantor for Eagle Credit Card Trust, a structural change that followed EQB Inc.'s completed acquisition of President's Choice Bank and certain other entities from Loblaw Companies Limited.
The Toronto announcement, dated July 2, 2026, signals that EQB Inc. (TSX: EQB) is working through the legal infrastructure it inherited when it bought PC Bank from Loblaw (TSX: L).
For capital markets participants holding securities issued by the trust, knowing who now stands behind it is not a footnote — it is the credit story.
What a Performance Guarantor Actually Does A performance guarantor in a credit card trust is the institution that commits to ensuring the trust meets its obligations to noteholders — the backstop if the trust's own cash flows need support.
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