LAVAL, QC, Dec. 14, 2017 /PRNewswire/ - Alimentation
Couche-Tard Inc. ("Couche-Tard") (TSX: ATD.A ATD.B) announced today
the closing of its previously-announced private offering of
US$600 million principal amount of 2.350% Senior Unsecured
Notes due 2019 and US$300 million principal amount of Floating
Rate Senior Unsecured Notes due 2019 (collectively,
the "Notes") that were exempt from the registration
requirements of the U.S. Securities Act of 1933, as amended (the
"Securities Act").
The Notes are the direct unsecured obligations of Couche-Tard
and rank pari passu with all other outstanding unsecured and
unsubordinated indebtedness of Couche-Tard and are guaranteed on a
senior unsecured basis by certain of Couche-Tard's wholly-owned
subsidiaries who are guarantors under Couche-Tard's senior credit
facilities.
Couche-Tard expects to use the net proceeds from the sale of the
Notes for repayment of certain amounts outstanding under
Couche-Tard's senior credit facilities.
The Notes were offered only to qualified institutional buyers in
reliance on the exemption from registration set forth in Rule 144A
under the Securities Act, and outside the
United States to non‑U.S. persons in reliance on the
exemption from registration set forth in Regulation S under the
Securities Act. The Notes have not been registered under the
Securities Act, or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States without registration or an
applicable exemption from the Securities Act and applicable state
securities or blue sky laws and foreign securities laws.
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 Couche-Tard
Couche-Tard is the leader in the Canadian convenience store
industry. In the United States,
Couche-Tard is the largest independent convenience store operator
in terms of the number of company-operated stores. In Europe, Couche-Tard is a leader in convenience
store and road transportation fuel retail in the Scandinavian
countries (Norway, Sweden and Denmark), in the Baltic countries (Estonia, Latvia and Lithuania), and in Ireland and also with an important presence in
Poland.
Forward-Looking Statements
The statements set forth in this press release, which
describe Couche-Tard's objectives, projections, estimates,
expectations or forecasts, may constitute forward-looking
statements within the meaning of securities legislation. Positive
or negative verbs such as "will", "plan", "evaluate", "estimate",
"believe", "expect" and other related expressions are used to
identify such statements. 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 or underlying these
statements, or could have an impact on the degree of realization of
a particular projection. Major factors that may lead to a material
difference between Couche-Tard's actual results and the
projections or expectations set forth in the forward-looking
statements include the effects of the integration of acquired
businesses and the ability to achieve projected synergies,
fluctuations in margins on motor fuel sales, competition in the
convenience store and retail motor fuel industries, exchange rate
variations, and such other risks as described in detail from time
to time in documents filed by Couche-Tard with securities
regulatory authorities in Canada.
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 press release is based on information available
as of the date of the release.
SOURCE Alimentation Couche-Tard Inc.