Alimentation Couche-Tard closes US $900M debt offering


News Release


Laval, Québec, Canada, December 14, 2017 – 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.

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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.

Investor Relations: Claude Tessier, Chief Financial Officer
Tel: (450) 662-6632, ext. 4407

Media Relations: Marie-Noëlle Cano, Senior Director, Global Communications
Tel: (450) 662-6632, ext. 4611