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Dollarama Announces Private Offering of $300 Million Senior Unsecured Notes
Dollarama Announces Private Offering of $300 Million Senior Unsecured Notes Canada...
About this update from Dollarama Inc.
[{"type":"text","content":"\n\n\n\nDollarama Announces Private Offering of $300 Million Senior Unsecured Notes\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\nCanada NewsWire\nMONTREAL, Sept. 15, 2020\n\n\n\n/NOT FOR RELEASE OVER US NEWSWIRE SERVICES OR DISSEMINATION IN THE US/\n MONTREAL, Sept. 15, 2020 /CNW/ - Dollarama Inc. (TSX: DOL) (\"Dollarama\" or the \"Corporation\") announced today that it has priced an offering of $300 million aggregate principal amount of 1.505% senior unsecured notes due September 20, 2027 (the \"Notes\").\nThe Notes are being offered through an agency syndicate consisting of RBC Capital Markets, CIBC Capital Markets and National Bank Financial Markets, as joint bookrunners and co-lead private placement agents, and including TD Securities Inc., Desjardins Securities Inc., Scotia Capital Inc., J.P. Morgan Securities Canada Inc., Mizuho Securities Canada Inc. and Casgrain & Company Limited. The offering is expected to close on or about September 18, 2020, subject to customary closing conditions. \nThe Notes will be issued at par for aggregate gross proceeds of $300 million and will bear interest at a fixed rate of 1.505% per annum, payable semi-annually until maturity on the 20th day of March and September of each year, commencing on March 20, 2021. \nThe Corporation intends to use the net proceeds of the offering to repay the $300 million aggregate principal amount of its outstanding Series 3 floating rate senior unsecured notes due February 1, 2021 and for general corporate purposes. \nThe Notes will be direct unsecured obligations of Dollarama and will rank pari passu with all other unsecured and unsubordinated indebtedness of Dollarama. The Notes have been assigned a provisional rating of BBB, with a stable trend, by DBRS Limited, and are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation. \nThe Notes have not been and will not be qualified for sale to the public under applicable securities...