Business
ALIMENTATION COUCHE-TARD LAUNCHES U.S. COMMERCIAL PAPER PROGRAM FOR US $2.5 BILLION
ALIMENTATION COUCHE-TARD LAUNCHES U.S. COMMERCIAL PAPER PROGRAM FOR US $2.5 BILLION ...
About this update from Alimentation Couche-tard Inc.
[{"type":"text","content":"\n \n \n \n ALIMENTATION COUCHE-TARD LAUNCHES U.S. COMMERCIAL PAPER PROGRAM FOR US $2.5 BILLION\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 May 9, 2022\n \n \n /CNW Telbec/ - Alimentation Couche-Tard Inc. (\"Couche‑Tard\" or the \"Corporation\") (TSX: ATD) announced today that it has established a commercial paper program in the United States (the \"US Commercial Paper Program\") on a private placement basis.\n \n \n \n \n \n \n \n \n \n Under the terms of the US Commercial Paper Program, Couche-Tard may issue, from time to time, unsecured commercial paper notes with maturities not in excess of 397 days from the date of issue (the \"Notes\"). The aggregate principal amount of Notes outstanding at any one time under the US Commercial Paper Program will not exceed US\n \n $2\n \n .5 billion. Couche-Tard intends to use the proceeds from the issuance of Notes for general corporate purposes.\n \n \n The Notes will be senior unsecured obligations of the Corporation and will rank equally and pari passu with all of its current and future senior unsecured and unsubordinated indebtedness. The Notes 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. The Corporation's main revolving credit facility, available for a total amount of US\n \n $2,525 million\n \n , will serve as a liquidity backstop for the repayment of the Notes issued under the US Commercial Paper Program.\n \n \n The Notes have not been and will not be qualified for sale to the public under applicable securities laws in Canada and may not be offered or sold to or purchased by any resident of Canada.\n \n \n The Notes to be offered under the US Commercial Paper Program have not been and will not be registered under the\n \n Securities Act of 1933\n \n , as amended, or under any state securities laws, and may not be offered or sold in the United States ...