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DOLLARAMA ANNOUNCES PRIVATE OFFERING OF $500 MILLION SENIOR UNSECURED NOTES
DOLLARAMA ANNOUNCES PRIVATE OFFERING OF $500 MILLION SENIOR UNSECURED NOTES Canada News...
About this update from Dollarama Inc.
[{"type":"text","content":"\n \n \n \n DOLLARAMA ANNOUNCES PRIVATE OFFERING OF $500 MILLION 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 /NOT FOR RELEASE OVER US NEWSWIRE SERVICES OR DISSEMINATION IN THE US/\n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n Sept. 22, 2023\n \n \n /CNW/ - Dollarama Inc. (TSX: DOL) (\"Dollarama\" or the \"Corporation\") announced today that it has priced an offering (the \"Offering\") of\n \n $500 million\n \n aggregate principal amount of 5.533% senior unsecured notes due\n \n September 26, 2028\n \n (the \"Notes\").\n \n \n Considering existing hedging contracts, Dollarama estimates the effective blended interest rate of its outstanding senior unsecured notes (including the Notes) immediately following the closing of the Offering and the repayment of its outstanding 3.55% senior unsecured notes due\n \n November 6, 2023\n \n will remain substantially unchanged.\n \n \n The Notes are being offered through an agency syndicate consisting of CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc., as joint bookrunners and co-lead private placement agents, and including National Bank Financial Inc., Desjardins Securities Inc., Scotia Capital Inc., Mizuho Securities Canada Inc., J.P. Morgan Securities Canada Inc. and Casgrain & Company Limited. The Offering is expected to close on or about\n \n September 26, 2023\n \n , subject to customary closing conditions.\n \n \n The Notes will be issued at par for aggregate gross proceeds of\n \n $500 million\n \n and will bear interest at a fixed rate of 5.533% per annum, payable semi-annually, until maturity on the 26\n \n th\n \n day of March and September of each year, commencing on\n \n March 26, 2024\n \n .\n \n \n The Corporation intends to use the net proceeds of the Offering to repay, together with cash on hand, the\n \n $500 million\n \n aggregate principal amount of the Corporation's outstanding 3.55% senior unsecured notes...