Alimentation Couche-Tard Prices €750 Million Offering of Senior Unsecured Notes

LAVAL, Québec, April 28, 2016 /PRNewswire/ --

/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/  

Alimentation Couche-Tard Inc. ("Couche-Tard") (TSX: ATD.A ATD.B) announced today that it has priced an offering of €750 million principal amount of 1.875% senior unsecured notes due 2026 (the "Notes").

The Notes will be direct unsecured, unsubordinated obligations of Couche-Tard and will rank pari passu with all other outstanding unsecured and unsubordinated indebtedness of Couche-Tard. The offering of the Notes is expected to close on or about May 6, 2016.

The Notes are expected to be rated BBB by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. and Baa2 by Moody's Investors Service, Inc.

Couche-Tard intends to use the estimated net proceeds of the offering of approximately €746.4 million to pay down a portion of amounts outstanding under its Senior Credit Facilities and for other general corporate purposes.

The Notes will be offered in Europe pursuant to a Subscription Agreement with HSBC Bank plc, Mitsubishi UFJ Securities International plc, Coöperatieve Rabobank U.A. and National Bank Financial Inc., each acting as Lead Manager, and Scotiabank Europe plc, SMBC Nikko Capital Markets Limited, Wells Fargo Securities International Limited and Desjardins Securities Inc.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes in the United States. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States unless registered under the U.S. Securities Act or pursuant to an available exemption from the registration requirements of the U.S. Securities Act.

Profile 

Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian and Baltic countries with a significant presence in Poland.

As of January 31, 2016, Couche-Tard's network comprised 7,979 convenience stores throughout North America, including 6,560 stores offering road transportation fuel. Its North-American network consists of 15 business units, including 11 in the United States covering 41 states and four in Canada covering all ten provinces. About 80,000 people are employed throughout its network and at its service offices in North America.