By Cristal Cody
Tupelo, Miss., July 20 – Alimentation Couche-Tard Inc. (Baa2/BBB) priced C$700 million of 3.056% series 6 senior notes due 2024 in a private placement in Canada, according to a press release.
The deal was priced in addition to its previously reported $2.5 billion three-part Rule 144A and Regulation S offering of senior notes on Wednesday.
The Canadian dollar-denominated notes are guaranteed on a senior basis by certain of Couche-Tard’s wholly owned subsidiaries that are guarantors under its senior credit facilities.
The Quebec-based convenience store operator plans to use the proceeds from the U.S. and Canadian issuance to repay debt under its senior credit facilities.
| Issuer: | Alimentation Couche-Tard Inc.
|
| Guarantors: | On a senior basis by certain Couche-Tard subsidiaries that are guarantors under its senior credit facilities
|
| Amount: | C$700 million
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| Description: | Senior notes
|
| Maturity: | 2024
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| Coupon: | 3.056%
|
| Trade date: | July 19
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| Settlement date: | July 26
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB
|
| Distribution: | Canada private placement
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