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Alimentation Couche-Tard closes senior notes offering

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Alimentation Couche-Tard closes senior notes offering

Alimentation Couche-Tard Inc. closed its private offering of $600 million of 2.350% senior notes due 2019 and $300 million of floating rate senior notes due 2019, according to a Dec. 14 filing.

The Canadian convenience store operator said the notes will be direct unsecured obligations of Couche-Tard and will rank pari passu with all other outstanding unsecured and unsubordinated indebtedness of the company.

Net proceeds will be used to repay outstanding amounts under the retailer's senior credit facilities, whose guarantors include the company's wholly owned subsidiaries.