On February 7, 2024, Alimentation Couche-Tard Inc. (TSX: ATD) announced the pricing of its private debt offering, consisting of US$1.5 billion and €1.35 billion in senior unsecured notes across four tranches. The offering includes US$900 million at 5.267% due 2034 (approximately CA$1.211 billion), US$600 million at 5.617% due 2054 (approximately CA$807.7 million), €700 million at 3.647% due 2031 (approximately CA$1.015 billion), and €650 million at 4.011% due 2036 (approximately CA$943.9 million). The offering is expected to close on February 12, 2024, subject to customary closing conditions.

Couche-Tard intends to use the net proceeds from the sale of the Notes to repay outstanding indebtedness, including credit facilities used to fund a portion of the purchase price of European retail assets from TotalEnergies, as well as to cover related fees and expenses. The Notes will be senior unsecured obligations of Couche-Tard, guaranteed by its wholly-owned subsidiaries under existing senior credit facilities. They will be offered to qualified institutional buyers in the U.S. under Rule 144A and outside the U.S. under Regulation S.