Not for release over US newswire services or dissemination in the US
MONTREAL, Oct. 31, 2013 /CNW Telbec/ - Dollarama Inc. (TSX: DOL)
("Dollarama" or the "Corporation") announced today that it has priced
an offering of $400 million aggregate principal amount of 3.095% senior unsecured notes due November 5, 2018 (the "Notes"). The Notes
are being offered through an agency syndicate consisting of RBC
Dominion Securities Inc. and CIBC World Markets Inc., as joint
bookrunners and co-lead private placement agents, and including
National Bank Financial Inc., TD Securities Inc., Desjardins Securities
Inc. and Scotia Capital Inc. The Notes will be issued at par for
aggregate gross proceeds of $400 million. The offering is expected to
close on or about November 5, 2013, subject to customary closing
conditions. Dollarama intends to use the net proceeds of the offering
to repay indebtedness outstanding under its credit facilities and for
general corporate purposes.
The Notes will bear interest at a fixed annual rate of 3.095%, payable in equal semi-annual instalments over the five-year term. The
Notes will be direct unsecured obligations of Dollarama and will rank pari passu with all other unsecured and unsubordinated indebtedness of Dollarama.
The Notes have been assigned a provisional rating of BBB, with a stable
trend, by DBRS Limited, and are being offered in Canada on a private
placement basis in reliance upon exemptions from the prospectus
requirements under applicable securities legislation.
In connection with the offering of the Notes, Dollarama entered on
October 25, 2013 into a second amended and restated credit agreement
relating to its $350 million revolving credit facility in order to,
among other things, release all security that had been granted
thereunder and extend the maturity date by one year to December 14,
2018.
The Notes have not been and will not be qualified for sale to the public
under applicable securities laws in Canada and, accordingly, any offer
and sale of the Notes in Canada will be made on a basis which is exempt
from the prospectus requirements of such securities laws. The Notes
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or the
securities laws of any other jurisdiction, and may not be offered or
sold in the United States absent registration under, or an applicable
exemption from the registration requirements of, the U.S. Securities
Act. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer to sell
or a solicitation of an offer to buy the Notes in any jurisdiction
where it is unlawful to do so.
About Dollarama
Dollarama is Canada's leading dollar store operator with 828 locations
across the country. Our stores provide customers with compelling value
in convenient locations, including metropolitan areas, mid-sized cities
and small towns. Dollarama aims to provide customers with a consistent
shopping experience, offering a broad assortment of everyday consumer
products, general merchandise and seasonal items. Products are
currently sold in individual or multiple units at select fixed price
points up to $3.00.
Forward-Looking Statements
Certain statements in this news release about our current and future
plans, expectations and intentions, results, levels of activity,
performance, goals or achievements or any other future events or
developments constitute forward-looking statements. Forward-looking
statements are based on information currently available to us and on
estimates and assumptions made by us in light of our experience and
perception of historical trends, current conditions and expected future
developments, as well as other factors that we believe are appropriate
and reasonable in the circumstances, but there can be no assurance that
such estimates and assumptions will prove to be correct. Many factors
could cause our actual results, level of activity, performance or
achievements or future events or developments to differ materially from
those expressed or implied by the forward-looking statements,
including, without limitation, the factors discussed in greater detail
in the "Risks and Uncertainties" section of the Corporation's
management's discussion and analysis (MD&A) for the Corporation's
fiscal year ended February 3, 2013 and in the Corporation's continuous
disclosure filings (available on SEDAR at www.sedar.com). In addition, the closing of the proposed offering of Notes is subject
to general market and other conditions and there can be no assurance
that the proposed offering of Notes will be completed or that the terms
of the proposed offering of Notes will not be modified. These factors
are not intended to represent a complete list of the factors that could
affect us; however, they should be considered carefully. The purpose of
the forward-looking statements is to provide the reader with a
description of management's expectations regarding the Corporation's
financial performance and the proposed offering of Notes and may not be
appropriate for other purposes; readers should not place undue reliance
on forward-looking statements made herein. Furthermore, unless
otherwise stated, the forward-looking statements contained in this news
release are made as of October 31, 2013, and we have no intention and
undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by law. The forward-looking statements
contained in this news release are expressly qualified by this
cautionary statement.
SOURCE Dollarama Inc.
![](http://rt.newswire.ca/rt.gif?NewsItemId=C8863&Transmission_Id=201310311308CANADANWCANADAPR_C8863&DateId=20131031)