On May 10, 2021, Alimentation Couche-Tard completed a private debt offering consisting of two tranches of notes:
- US$650 million aggregate principal amount of 3.439% Senior Unsecured Notes due 2041
- US$350 million aggregate principal amount of 3.625% Senior Unsecured Notes due 2051
This US$1 billion debt offering includes an inaugural tranche of US$350 million green bonds.
The placing agents for the private debt offering included J.P. Morgan, RBC Capital Markets, HSBC, Wells Fargo Securities, National Bank of Canada Financial Markets, Scotiabank and SMBC Nikko acting as joint book-running managers, and Desjardins Capital Markets, MUFG, BMO Capital Markets, Rabo Securities and PNC Capital Markets LLC acting as co-managers.
A Fasken team comprised of Jean-Pierre Chamberland and Alexandre Morin (securities), Marc Novello (banking) and Ryan Rabinovitch and Taj Kudhail (tax) acted as Canadian counsel for the placing agents in connection with this transaction.
