Dollarama Inc. announced that it has priced an offering of $750 million aggregate principal amount of fixed rate senior unsecured notes to be issued in two series, consisting of $375 million aggregate principal amount of 3.940% senior unsecured notes due July 25, 2031 and $375 million aggregate principal amount of 4.576% senior unsecured notes due April 2, 2036. The Notes are being offered through an agency syndicate consisting of RBC Dominion Securities Inc., CIBC World Markets Inc., National Bank Capital Markets and Scotia Capital Inc., as Joint Bookrunners, and TD Securities Inc., Desjardins Securities Inc., BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc. and Casgrain & Company Limited. The Offering is expected to close on or about April 2, 2026, subject to customary closing conditions.
The 2031 Notes will be issued at par for aggregate gross proceeds of $375 million and will bear interest at a fixed rate of 3.940% per annum, payable semi-annually, until maturity on July 25 and January 25 of each year, commencing on July 25, 2026. The 2036 Notes will also be issued at par for aggregate gross proceeds of $375 million and will bear interest at a fixed rate of 4.576% per annum, payable semi-annually, until maturity on April 2 and October 2 of each year, commencing on October 2, 2026. The Corporation intends to use the net proceeds of the Offering to repay the $375 million aggregate principal amount of the Corporation's outstanding 1.871% fixed rate senior unsecured notes due July 8, 2026 which will be repaid in full at maturity, to fund capital expenditure initiatives and for general corporate purposes.
The Notes will be direct unsecured obligations of Dollarama and will rank pari passu with all other unsecured and unsubordinated indebtedness of Dollarama.
