By Cristal Cody
Tupelo, Miss., Jan. 25 – Dollarama Inc. priced C$300 million of three-year floating-rate senior notes at par to yield CDOR plus 27 basis points in a Canadian private placement offering on Thursday, according to a news release and a market source.
The series 3 notes (DBRS: BBB) are due Feb. 1, 2021.
RBC Capital Markets (Canada) Ltd., CIBC World Markets Inc. and National Bank Financial Inc. were the bookrunners.
Dollarama plans to use the proceeds to repay debt outstanding under its revolving credit facility and for general corporate purposes.
The dollar store operator is based in Montreal.
| Issuer: | Dollarama Inc.
|
| Amount: | C$300 million
|
| Maturity: | Feb. 1, 2021
|
| Securities: | Floating-rate senior notes
|
| Bookrunners: | RBC Capital Markets (Canada) Ltd., CIBC World Markets Inc. and National Bank Financial Inc.
|
| Co-managers: | TD Securities Inc., Desjardins Securities Inc., Scotia Capital Inc. and Casgrain & Co. Ltd.
|
| Coupon: | CDOR plus 27 bps
|
| Price: | Par
|
| Yield: | CDOR plus 27 bps
|
| Pricing date: | Jan. 25
|
| Settlement date: | Feb. 1
|
| Rating: | DBRS: BBB
|
| Distribution: | Canada private placement
|
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