Alimentation Couche-Tard Secures Major Private Debt Offerings for Strategic Operations

Alimentation Couche-Tard Inc., a key player in the global convenience retail sector, has announced a substantial move to enhance its financial strategy by pricing two significant private debt offerings. The company, traded on the TSX under the symbol ATD, aims to raise a total of US$1.2 billion through U.S. Dollar denominated senior unsecured notes and an additional Cdn.$500 million through Canadian Dollar denominated notes. This financial maneuver will better position Couche-Tard to manage its operations and expand its presence in the market.

Breakdown of the Debt Offerings

The debt offerings comprise two tranches of U.S. Dollar denominated senior unsecured notes, amounting to:

- US$700 million of 4.148% Senior Unsecured Notes maturing in 2028.
- US$500 million of 5.077% Senior Unsecured Notes due 2035.

In addition, Couche-Tard has also priced Cdn.$500 million in senior unsecured notes, which will carry a 3.864% interest rate and mature in 2032. This strategic financial decision indicates the company's intent to consolidate its capital structure and improve liquidity.

Closing Dates and Utilization of Proceeds

The offering of the U.S. Dollar notes is expected to close around September 29, 2025, while the Canadian Dollar notes are anticipated to close slightly earlier on September 26, 2025. Both offerings are contingent on fulfilling customary closing conditions, reflecting the meticulous planning behind these financial decisions.

The net proceeds from these debt offerings are earmarked primarily for repaying existing indebtedness associated with Couche-Tard's U.S. commercial paper program. This proactive approach not only enhances Couche-Tard's financial flexibility but also marks a significant step towards managing its capital effectively in a competitive retail landscape.

Compliance and Regulatory Framework

It is essential to note that the U.S. Dollar notes will exclusively be offered to qualified institutional buyers under an exemption from registration requirements set by Rule 144A of the U.S. Securities Act of 1933. The company has also taken care to comply with various international securities regulations, as these notes have not and will not be registered under the Securities Act. In Canada, the issuance will follow a basis exempting it from the prospectus requirements, reinforcing Couche-Tard's commitment to ethical and compliant financial practices.

About Alimentation Couche-Tard Inc.

Alimentation Couche-Tard stands as a global leader in the convenience retail sector, operating its renowned Couche-Tard and Circle K brands across 29 countries and territories. The company oversees close to 17,300 stores globally, with approximately 13,200 offering road transportation fuel. This breadth of presence illustrates Couche-Tard's operational scale and strong market position in countries including the U.S., Canada, Scandinavia, the Baltics, Belgium, and more.

Employing around 149,500 individuals, Couche-Tard is not just a retail giant but also a major contributor to the economy, demonstrating its significance in retail and fuel distribution. The successful execution of these debt offerings will likely play a crucial role in the company’s continued growth and ability to adapt to market changes.

Forward-Looking Statements

Investors and market analysts should consider that certain statements in this announcement may contain forward-looking elements. These statements encompass expectations around closing the offerings and utilizing the proceeds, along with potential changes in market conditions that could impact the realization of these expectations. Couche-Tard encourages stakeholders to review these forward-looking statements critically, as they inherently involve risks that could lead to material discrepancies between actual results and projections.

In summary, Alimentation Couche-Tard’s strategic financial management through these private debt offerings reflects its dedication to maintaining a competitive edge in a rapidly evolving retail landscape. The successful management and allocation of capital through this strategy are expected to benefit the company and its stakeholders in the long run.