Dollarama Inc. announced a private placement of CAD 375 million aggregate principal amount of 3.940% senior unsecured notes due July 25, 2031 (2031 notes) and CAD 375 million aggregate principal amount of 4.576% senior unsecured notes due April 2, 2036 (2036 notes) for aggregate gross proceeds of CAD 750 million on March31, 2026. 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 Notes will be direct unsecured obligations of company and will rank pari passu with all other unsecured and unsubordinated indebtedness of the company .
The Notes have been assigned a provisional rating of BBB (high), with a stable trend, by DBRS Limited, and are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation. The transaction is expected close on or about April 2, 2026, subject to customary closing conditions.
