LAVAL,
QC, May 9, 2022 /CNW Telbec/ - Alimentation
Couche-Tard Inc. ("Couche‑Tard" or the "Corporation") (TSX: ATD)
announced today that it has established a commercial paper program
in the United States (the "US Commercial Paper
Program") on a private placement basis.
Under the terms of the US Commercial Paper Program, Couche-Tard
may issue, from time to time, unsecured commercial paper notes with
maturities not in excess of 397 days from the date of issue
(the "Notes"). The aggregate principal amount of Notes
outstanding at any one time under the US Commercial Paper
Program will not exceed US $2.5 billion. Couche-Tard intends
to use the proceeds from the issuance of Notes for general
corporate purposes.
The Notes will be senior unsecured obligations of the
Corporation and will rank equally and pari passu with all of its
current and future senior unsecured and unsubordinated
indebtedness. The Notes will be 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. The
Corporation's main revolving credit facility, available for a total
amount of US $2,525 million, will
serve as a liquidity backstop for the repayment of the Notes issued
under the US Commercial Paper Program.
The Notes have not been and will not be qualified for sale to
the public under applicable securities laws in Canada and
may not be offered or sold to or purchased by any resident
of Canada.
The Notes to be offered under the US Commercial Paper Program
have not been and will not be registered under the Securities
Act of 1933, as amended, or under any state securities laws,
and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements. 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 the United States or any jurisdiction where it
is unlawful to do so.
About Alimentation Couche-Tard
Inc.
Couche-Tard is a global leader in convenience and fuel retail,
operating in 26 countries and territories, with more than 14,100
stores, of which approximately 10,800 offer road transportation
fuel. With its well-known Couche-Tard and Circle K banners, it is
one of the largest independent convenience store operator in
the United States and it is a
leader in the convenience store industry and road transportation
fuel retail in Canada,
Scandinavia, the Baltics, as well as in Ireland. It also has an important presence in
Poland and Hong Kong SAR.
Approximately 124,000 people are employed throughout its
network.
For more information on Alimentation Couche-Tard Inc., please
visit: https://corpo.couche-tard.com.
Forward-Looking
Statements
Certain statements in this press release may constitute forward
looking statements within the meaning of securities legislation,
including those with respect to the issuance of the Notes as well
as the use of proceeds therefrom. Positive or negative verbs such
as "believe", "can", "shall", "intend", "expect", "estimate",
"assume" and other related expressions are used to identify such
statements. Such statements are based upon the current beliefs and
expectations of Couche-Tard and are subject to significant risks
and uncertainties outside of Couche-Tard's control. Couche-Tard
would like to point out that, by their very nature, forward-looking
statements involve risks and uncertainties such that its results,
or the measures it adopts, could differ materially from those
indicated in or underlying these statements, or could have an
impact on the degree of realization of a particular projection.
Unless otherwise required by applicable securities laws,
Couche-Tard disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking
information in this release is based on information available as of
the date of the release.
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SOURCE Alimentation Couche-Tard Inc.