Couche-Tard to start roadshow for $340 million 10-year notes on Dec. 1

By Paul A. Harris

St. Louis, Nov. 21 - Canadian convenience store operator Couche-Tard Inc. will start a roadshow on Dec. 1 for $340 million of senior subordinated notes due 2013 (Ba3/B), according to an informed source.

The deal is expected to price Friday Dec. 12.

CIBC World Markets and Scotia Capital are joint bookrunners on the Rule 144A offering.

The company is also in the market with a concurrent bank deal comprised of a C$150 million five-year revolver, a C$365 million five-year term loan and a $280 million seven-year term loan, also led by CIBC World Markets and Scotia Capital.

Proceeds from the 10-year non-call-five notes will be used to help fund the acquisition of the Circle K convenience store chain from Conoco Phillips.

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