Alimentation Couche-Tard Inc. (ATD.TO) just pulled off a pretty impressive feat. They raised a whopping US$1.2 billion and C$500 million through a private debt offering. Two currencies, multiple tranches. Quite the financial juggling act.



The US dollar part? It's split. US$700 million due in 2028, interest at 4.148%. Another US$500 million due in 2035, interest at 5.077%. Not bad.

Oh, and there's a Canadian dollar offering too. C$500 million, due in 2032. Interest rate? 3.864%.

Closing dates are kind of fuzzy. US dollar notes might wrap up around October 29, 2025. Canadian ones? Maybe October 26, 2025. It's not entirely clear.

What's Couche-Tard planning to do with all this cash? Seems they want to pay off some existing debt. Their U.S. commercial paper program, to be specific.

This whole debt issuance thing? It's a pretty big deal. Shows Couche-Tard's got some financial muscle. Investors seem to like it too. The company's stock has been holding up well lately. Kind of surprising, given the market these days.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin