/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
MONTREAL, Oct. 29, 2018 /CNW Telbec/ - Dollarama Inc.
(TSX: DOL) ("Dollarama" or the "Corporation") announced today that it has priced an offering of $500,000,000 aggregate principal amount of 3.55% senior unsecured notes due November 6,
2023 (the "Notes").
The Notes are being offered through an agency syndicate consisting of CIBC Capital Markets, RBC Capital Markets and TD
Securities Inc., as joint bookrunners and co-lead private placement agents, and including National Bank Financial Inc.,
Desjardins Securities Inc., Scotia Capital Inc. and Casgrain & Company Limited. The offering is expected to close on or about
November 5, 2018, subject to customary closing conditions.
The Notes will be issued at a price of $995.37 per $1000.00 principal amount of Notes, for
an effective yield of 3.652 % and aggregate gross proceeds of $497,685,000. Once issued, the Notes
will bear interest at a fixed rate of 3.55% per annum, payable semi?annually until maturity on the 6th day of May and
November of each year, commencing on May 6, 2019.
The Corporation intends to use the net proceeds of the offering to repay the $400 million
aggregate principal amount of its outstanding 3.095% senior unsecured notes due November 5, 2018,
repay indebtedness outstanding under its revolving credit facility, and for general corporate purposes.
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.
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 press 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.
Forward-Looking Statements
Certain statements in this press release about the timing and completion of the proposed offering of Notes, the expected use
of the net proceeds of the offering and 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 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 future events or developments to differ materially from those expressed or
implied by the forward-looking statements, including, without limitation, the factors discussed in the "Risks and Uncertainties"
section of the Corporation's management's discussion and analysis (MD&A) for the fiscal year ended January 28, 2018 and
in the Corporation's other continuous disclosure filings (available on SEDAR at www.sedar.com).
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 proposed offering of Notes and other future events, and may not be appropriate for other purposes;
readers should not place undue reliance on forward-looking statements made herein. 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. Furthermore, unless otherwise stated, the
forward-looking statements contained in this press release are made as at October 29, 2018, 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 press release are expressly qualified
by this cautionary statement.
About Dollarama
Dollarama is a recognized Canadian value retailer offering a broad assortment of consumer products, general merchandise and
seasonal items. Our 1,178 locations across Canada provide customers with compelling value in
convenient locations, including metropolitan areas, mid-sized cities and small towns. Our quality merchandise is sold in
individual or multiple units at select, fixed price points up to $4.00.
www.dollarama.com
SOURCE Dollarama Inc.
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