On September 29, 2025, Dorel Industries Inc. completed the closing of new senior secured credit facilities with a group of lenders led by affiliates of TCW Asset Management Company LLC, as administrative agent, in an amount of US$310 million, and a private placement with Alberta Investment Management Corporation of preferred shares in an amount of US$75 million.

Dorel intends to use the proceeds from the new senior secured credit facilities and preferred shares to repay in full Dorel’s previous senior secured debt in an amount of approximately US$180 million, to pay for the restructuring costs of Dorel’s Home segment and for working capital.

Dorel is a global organization operating two distinct businesses in juvenile products and home products. Dorel employs approximately 3,500 people in facilities located in 22 countries worldwide.

TD Securities Inc. acted as sole and exclusive financial advisor to Dorel in connection with the debt financing. TD Securities Inc. and BMO Capital Markets acted as Dorel’s placement agents in connection with the offering of preferred shares.

Fasken Martineau DuMoulin LLP (Canada) and ArentFox Schiff (United States) acted as legal advisors to Dorel in connection with the debt financing and offering of preferred shares, McCarthy Tétrault LLP (Canada) and Paul Hastings LLP (United States) acted as legal advisors to TCW and the other lenders in connection with the debt financing, Stikeman Elliott LLP acted as legal advisor to AIMCo in connection with the offering of preferred shares, and Torys LLP acted as legal advisor to TD Securities Inc. and to BMO Capital Markets.