Dorel Completes Closing for New Credit Facilities and Issue of Preferred Shares

About this update from Dorel Industries Inc. Class A

[{"type":"text","content":"Dorel Completes Closing for New Credit Facilities and Issue of Preferred Shares\n\n\n\n MONTRÉAL, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) announced today that it completed the closing of its previously-announced new credit facilities with a group of lenders led by affiliates of TCW Asset Management Company LLC (“TCW”), as administrative agent, in an amount of US $310 million, and a private placement with Alberta Investment Management Corporation (“AIMCo”) of preferred shares in an amount of US $75 million.\n \n\n “Dorel is very pleased to complete these two transactions,” stated Martin Schwartz, Dorel President and CEO. “The new credit facilities and the proceeds from the preferred shares will re-capitalize our balance sheet. Dorel is now well positioned to advance its strategic agenda, particularly in accelerating the growth of the Juvenile segment and executing the repositioning of the Home segment. We greatly appreciate the support of TCW and our other new lenders and of AIMCo.”\n \n\n As previously announced, Dorel intends to use the proceeds from the new credit facilities and preferred shares to repay in full Dorel’s previous senior secured debt in an amount of approximately US $180 million, to pay for the restructuring costs of Dorel’s Home segment and for working capital. The terms and conditions of the new credit facilities, preferred shares and related warrants to purchase Class B Subordinate Voting Shares of Dorel are set out in Dorel’s press release of September 22, 2025.\n \n\n\n Advisors\n \n\n TD Securities Inc. acted as sole and exclusive financial advisor to Dorel in connection with the debt financing. TD Securities Inc. and BMO Capital Markets acted as Dorel’s placement agents in connection with the offering of preferred shares.\n \n\n Fasken Martineau DuMoulin LLP (Canada) and ArentFox Schiff (United States) acted as legal advisors to Dorel in connection with the debt financing and offering of preferred shares, McCarthy Tétrault LLP (Canada) and Paul Hastings LLP (United States) acted as legal advisors to TCW and the other lenders in connection with the debt financing, Stikeman Elliott LLP acted as legal advisor to AIMCo in connection with the offering of preferred shares, and Torys...

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