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ALIMENTATION COUCHE-TARD INC. PRICES PRIVATE OFFERING OF SENIOR UNSECURED NOTES
ALIMENTATION COUCHE-TARD INC. PRICES PRIVATE OFFERING OF SENIOR UNSECURED NOTES Canada ...
About this update from Alimentation Couche-tard Inc.
[{"type":"text","content":"\n \n \n \n ALIMENTATION COUCHE-TARD INC. PRICES PRIVATE OFFERING OF SENIOR UNSECURED NOTES\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n LAVAL, QC\n \n \n ,\n \n \n Sept. 21, 2023\n \n \n /CNW/ - Alimentation Couche-Tard Inc. (\"Couche-Tard\" or the \"Corporation\") (TSX: ATD) announced today that it has priced Cdn.\n \n $800,000,000\n \n principal amount of 5.592% Series 7 Senior Unsecured Notes due\n \n September 25, 2030\n \n (the \"Notes\"), in a private offering in all of the provinces of\n \n Canada\n \n (the \"Offering\"). The Offering is expected to close on or about\n \n September 25, 2023\n \n , subject to customary closing conditions. Couche-Tard intends to use the net proceeds of the Offering for the repayment of indebtedness and for general corporate purposes.\n \n \n \n \n \n \n \n \n \n The Notes are being offered through an agency syndicate consisting of National Bank Financial Markets, Desjardins Securities Inc., RBC Dominion Securities Inc. and Scotia Capital Inc., as joint-bookrunners, and including Goldman Sachs Canada Inc., HSBC Securities (\n \n Canada\n \n ) Inc., J.P. Morgan Securities Canada Inc., Rabo Securities Canada, Inc., SMBC Nikko Securities Canada, Ltd., Wells Fargo Securities Canada, Ltd., Barclays Capital Canada Inc., BMO Nesbitt Burns Inc., BNP Paribas (\n \n Canada\n \n ) Securities Inc., Merrill Lynch Canada Inc., MUFG Securities (\n \n Canada\n \n ), Ltd., and TD Securities Inc.\n \n \n The Notes will be direct unsecured obligations of Couche-Tard and will rank\n \n pari passu\n \n with all other current and future senior unsecured and unsubordinated indebtedness of Couche-Tard and will be guaranteed on a senior unsecured basis by certain of Couche-Tard's wholly­owned subsidiaries who are guarantors under Couche-Tard's senior credit facilities.\n \n \n The Notes have been assigned a rating of \"BBB+\" by Standard & Poor's and \"Baa1\" by Moody's.\n \n \n The Notes have not been and will not be qualified for sale to the public under applicable securities laws in\n \n Ca...