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ALIMENTATION COUCHE-TARD INC. PRICES PRIVATE OFFERINGS OF US$ AND Euro DENOMINATED SENIOR UNSECURED NOTES
ALIMENTATION COUCHE-TARD INC. PRICES PRIVATE OFFERINGS OF US$ AND € DENOMINATED SENIOR UNS...
About this update from Alimentation Couche-tard Inc.
[{"type":"text","content":"\n \n \n \n ALIMENTATION COUCHE-TARD INC. PRICES PRIVATE OFFERINGS OF US$ AND € DENOMINATED 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 Feb. 7, 2024\n \n \n /CNW/ - Alimentation Couche-Tard Inc. (\"Couche-Tard\" or the \"Corporation\") (TSX: ATD) announced today that it has priced a private debt offering of US dollar denominated senior unsecured notes with an aggregate principal amount of\n \n US$1.5B\n \n , consisting of two tranches of notes (the \"US$ Notes\"), and that it has priced a private debt offering of Euro denominated senior unsecured notes with an aggregate principal amount of €1.35B, consisting of two tranches of notes (together with the US$ Notes, the \"Notes\"):\n \n \n \n \n \n \n \n \n \n \n \n US$900 million\n \n aggregate principal amount of 5.267% Senior Unsecured Notes due 2034\n \n \n \n US$600 million\n \n aggregate principal amount of 5.617% Senior Unsecured Notes due 2054\n \n \n €700 million aggregate principal amount of 3.647% Senior Unsecured Notes due 2031\n \n \n €650 million aggregate principal amount of 4.011% Senior Unsecured Notes due 2036\n \n \n \n The offering of the Notes is expected to close on or about\n \n February 12, 2024\n \n , subject to the satisfaction of customary closing conditions. Couche-Tard intends to use the net proceeds from the sale of the Notes to repay outstanding indebtedness, including amounts under credit facilities used to fund a portion of the purchase price of the acquisition of certain European retail assets from TotalEnergies and to pay certain fees and expenses in connection therewith.\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 wholly-owned subsidiaries who are guarantors under Couche-Tard's senior credit facilities.\n \n \n The Notes will b...