Couche-Tard $340 million 10-year notes talked at 7½%-7¾%; pricing Thursday

By Paul A. Harris

St. Louis, Dec. 9 - Price talk of 7½%-7¾% emerged Tuesday on Couche-Tard Inc.'s proposed $340 million of 10-year senior subordinated notes (Ba3/B), according to an informed source. The deal is expected to price Thursday.

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

The notes will be non-callable for five years.

Couche-Tard plans to use proceeds to help fund the acquisition of the Circle K convenience store chain from Conoco Phillips.

Couche-Tard is a convenience store chain that operates in Canada and the United States.

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