 | Alimentation Couche-Tard Inc. - ATD.B.t is one of the largest company-owned convenience store operators in the world with more than 13,000 stores across Canada, the United States, Europe, Mexico, Japan, China, and Indonesia. The company operates its corporate stores under mainly Couche-Tard, Mac's, Circle K, On the Run and also under the affiliated brands 7-jours, Dairy Mart, Daisy Mart and Winks. |  |
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ALIMENTATION COUCHE-TARD PRICES $700 MILLION OFFERING OF SENIOR UNSECURED NOTES
Laval, Québec, Canada May 28, 2015 – Alimentation Couche-Tard Inc. (“Couche-Tard”) (TSX : ATD.A, ATD.B) announced today that it has priced an offering of $700 million principal amount of 3.60% Series 5 senior unsecured notes due 2025 (the “Notes”).
The Notes will be direct unsecured obligations of Couche-Tard and will rank pari passu with all other outstanding unsecured and unsubordinated indebtedness of Couche-Tard. The offering of the Notes is expected to close on or about June 2, 2015.
The Notes are expected to be rated BBB by Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. and Baa2 by Moody’s Investors Service, Inc.
Couche-Tard intends to use the net proceeds of the offering of approximately $696.5 million to pay down a portion of amounts outstanding under its Senior Credit Facilities which were drawn down to, inter alia, complete the acquisition of The Pantry, Inc. The Notes will be offered in Canada on a private placement basis pursuant to an Agency Agreement with HSBC Securities (Canada) Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc. and Wells Fargo Securities Canada, Ltd., with HSBC Securities (Canada) Inc. and Desjardins Securities Inc. acting as co-lead agents.
   
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