DBRS Finalizes Provisional Rating on Dollarama Inc.’s Senior Unsecured Notes

DBRS has today finalized the provisional rating of BBB, with a Stable trend, on Dollarama Inc.’s (Dollarama or the Company) Senior Unsecured Notes (the Notes). After its review of all documentation associated with the recent offering, DBRS has confirmed that all terms of the issuance of the Notes were consistent with those contemplated at the time the provisional rating was assigned on October 30, 2013.

The aggregate gross proceeds from the Notes totalled $400 million. The Notes mature November 5, 2018, and bear interest at a fixed annual rate of 3.095%. Proceeds from the Notes were used to repay indebtedness outstanding on the Company’s credit facilities and for general corporate purposes.

For additional information on DBRS’s view of the credit quality of Dollarama, or its recent debt issuance, please refer to the DBRS report dated October 30, 2013.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodology is Rating Companies in the Merchandising Industry, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.