Canada-based convenience store operator Alimentation Couche-Tard Inc. on Dec. 7 priced a private offering in the U.S. for $600 million principal amount of 2.350% senior unsecured notes and $300 million principal amount of floating rate senior unsecured notes, both due 2019.
The offering, which is expected to close on or about Dec. 14, will be offered in a private placement exempt from registration requirements of the U.S. Securities Act of 1933.
The company 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.
Couche-Tard intends to use the net proceeds to repay certain amounts outstanding under its senior credit facilities.