LAVAL,
QC, Sept. 21, 2023 /PRNewswire/
- Alimentation Couche-Tard Inc. ("Couche-Tard" or the
"Corporation") (TSX: ATD) announced today that it has priced
Cdn.$800,000,000 principal amount of
5.592% Series 7 Senior Unsecured Notes due September 25, 2030 (the "Notes"), in a private
offering in all of the provinces of Canada (the "Offering"). The Offering is
expected to close on or about September 25,
2023, subject to customary closing conditions. Couche-Tard
intends to use the net proceeds of the Offering for the repayment
of indebtedness and for general corporate purposes.
The Notes are being offered through an agency syndicate
consisting of National Bank Financial Markets, Desjardins
Securities Inc., RBC Dominion Securities Inc. and Scotia Capital
Inc., as joint-bookrunners, and including Goldman Sachs Canada
Inc., HSBC Securities (Canada)
Inc., J.P. Morgan Securities Canada Inc., Rabo Securities Canada,
Inc., SMBC Nikko Securities Canada, Ltd., Wells Fargo Securities
Canada, Ltd., Barclays Capital Canada Inc., BMO Nesbitt Burns Inc.,
BNP Paribas (Canada) Securities
Inc., Merrill Lynch Canada Inc., MUFG Securities (Canada), Ltd., and TD Securities Inc.
The Notes will be direct unsecured obligations of Couche-Tard
and will rank pari passu with all other current and future
senior unsecured and unsubordinated indebtedness of Couche-Tard and
will be guaranteed on a senior unsecured basis by certain of
Couche-Tard's whollyowned subsidiaries who are guarantors under
Couche-Tard's senior credit facilities.
The Notes have been assigned a rating of "BBB+" by Standard
& Poor's and "Baa1" by Moody's.
The Notes have not been and will not be qualified for sale to
the public under applicable securities laws in Canada and, accordingly, any offer and sale of
the Notes in Canada will be made
on a basis which is exempt from the prospectus requirements of such
securities laws. The Notes have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or the securities laws of any other
jurisdiction, and may not be offered or sold in the United States. This press release shall
not constitute an offer to sell, or the solicitation of an offer to
buy, any securities, nor shall there be any sales of the Notes in
any jurisdiction in which such offer, solicitation or sale would be
unlawful.
About Alimentation Couche-Tard
Inc.
Couche-Tard is a global leader in convenience and mobility,
operating in 25 countries and territories, with more than 14,400
stores, of which approximately 10,800 offer road transportation
fuel. With its well-known Couche-Tard and Circle K banners, it is
one of the largest independent convenience store operators in
the United States and it is a
leader in the convenience store industry and road transportation
fuel retail in Canada,
Scandinavia, the Baltics, as well as in Ireland. It also has an important presence in
Poland and Hong Kong Special
Administrative Region of People's
Republic of China. Approximately 128,000 people are employed
throughout its network.
For more information on Alimentation Couche-Tard Inc., or to
consult its audited annual Consolidated Financial Statements,
unaudited interim condensed consolidated financial statements and
Management Discussion and Analysis, please visit:
https://corpo.couche-tard.com
Forward-Looking
Statements
Certain statements in this press release may constitute forward
looking statements within the meaning of securities legislation,
including those with respect to the potential transaction. Positive
or negative verbs such as "believe", "can", "shall", "intend",
"expect", "estimate", "assume" and other related expressions are
used to identify such statements. Such statements are based upon
the current beliefs and expectations of Couche-Tard and are subject
to significant risks and uncertainties outside of Couche-Tard's
control. Couche-Tard would like to point out that, by their very
nature, forward-looking statements involve risks and uncertainties
such that its results, or the measures it adopts, could differ
materially from those indicated in or underlying these statements,
or could have an impact on the degree of realization of a
particular projection. Unless otherwise required by applicable
securities laws, Couche-Tard disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. The
forward-looking information in this release is based on information
available as of the date of the release.
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SOURCE Alimentation Couche-Tard Inc.