Alimentation Couche Tard completes $800 million senior unsecured notes offering

Company

Alimentation Couche-Tard Inc.

Law Firm / Organization
Stikeman Elliott LLP

Bank

National Bank Financial Markets

Alimentation Couche-Tard Inc. completed a private placement offering of $800 million aggregate principal amount of 5.592% Series 7 senior unsecured notes due September 25, 2030. Couche-Tard is a global leader in convenience and mobility, operating in 25 countries and territories, with more than 14,400 stores, of which approximately 10,800 offer road transportation fuel. Couche-Tard is included in the S&P/TSX 60 Index. The deal was impactful as is allowed Couche-Tard to reimburse a portion of the indebtedness it incurred to make the $3.3 billion acquisition of certain retail assets from TotalEnergies in Germany and the Netherlands.

Fasken acted as counsel to the placing agents, led by National Bank Financial Markets, Desjardins Securities Inc., RBC Dominion Securities Inc. and Scotia Capital Inc., as joint-bookrunners.

 

Public/Private Offering
Other
$ 800,000,000
Closed
25 September 2023