Alimentation Couche-Tard completes $700M private placement of senior unsecured notes

On June 2, 2015, Alimentation Couche-Tard Inc., the largest independent convenience store operator in North America, completed a private placement of $700-million principal amount of 3.60 per cent Series 5 senior unsecured notes due 2025 (the Notes) for total net proceeds of approximately $696.5 million, after deducting the agents’ fees and the estimated expenses of the offering.

The Notes were sold through a syndicate of agents composed of HSBC Securities (Canada) Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc. and Wells Fargo Securities Canada, Ltd., acting as co-lead agents. The Notes were offered in Canada under an offering memorandum dated May 28, 2015.

Alimentation Couche-Tard Inc. was represented by Sylvain Aubry, its Senior Director, Legal Affairs and Corporate Secretary, and a team at Davies Ward Phillips & Vineberg LLP that comprised Olivier Désilets and Christine Lenis (capital markets), Sébastien Thériault, Véronique Gaumond-Carignan and Andrea Dupuis (financing) and Marie‑Emmanuelle Vaillancourt (tax).

The agents were represented by Fasken Martineau DuMoulin LLP, with a team that comprised Jean-Pierre Chamberland and Monica Dingle (capital markets), Marc Novello and Martin Racicot (financing) and Claude Jodoin (tax).