Business
Dollarama announces private offering of $400 million senior unsecured notes
Not for release over US newswire services or dissemination in the US MONTREAL , O...
About this update from Dollarama Inc.
[{"type":"text","content":"\n\n\nNot for release over US newswire services or dissemination in the US\n\n\nMONTREAL, Oct. 31, 2013 /CNW Telbec/ - Dollarama Inc. (TSX: DOL)\n (\"Dollarama\" or the \"Corporation\") announced today that it has priced\n an offering of $400 million aggregate principal amount of 3.095% senior unsecured notes due November 5, 2018 (the \"Notes\"). The Notes\n are being offered through an agency syndicate consisting of RBC\n Dominion Securities Inc. and CIBC World Markets Inc., as joint\n bookrunners and co-lead private placement agents, and including\n National Bank Financial Inc., TD Securities Inc., Desjardins Securities\n Inc. and Scotia Capital Inc. The Notes will be issued at par for\n aggregate gross proceeds of $400 million. The offering is expected to\n close on or about November 5, 2013, subject to customary closing\n conditions. Dollarama intends to use the net proceeds of the offering\n to repay indebtedness outstanding under its credit facilities and for\n general corporate purposes.\n\n\nThe Notes will bear interest at a fixed annual rate of 3.095%, payable in equal semi-annual instalments over the five-year term. The\n Notes will be direct unsecured obligations of Dollarama and will rank pari passu with all other unsecured and unsubordinated indebtedness of Dollarama.\n\n\nThe Notes have been assigned a provisional rating of BBB, with a stable\n trend, by DBRS Limited, and are being offered in Canada on a private\n placement basis in reliance upon exemptions from the prospectus\n requirements under applicable securities legislation.\n\n\nIn connection with the offering of the Notes, Dollarama entered on\n October 25, 2013 into a second amended and restated credit agreement\n relating to its $350 million revolving credit facility in order to,\n among other things, release all security that had been granted\n thereunder and extend the maturity date by one year to December 14,\n 2018.\n\n\nThe Notes have not been and will not be qualified for sale to the public\n under applicable securities laws in Canada and, accordingly, any offer\n and sale of the Notes in Canada will be made on a basis which is exempt\n from the prospectus requirements of such securities laws. The Notes\n have not been and will not be registered under the United States\n Securities Act of 1933, as amended (the \"U.S. Securities Act\"...