Alimentation Couche-Tard Issues NOK 675 Million of Senior Unsecured Notes

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES AND
NOT FOR DISSEMINATION IN THE UNITED STATES

LAVAL, QC, Feb. 18, 2016 /CNW Telbec/ - Alimentation Couche-Tard Inc. ("Couche-Tard") (TSX: ATD.A, ATD.B) announced today that it has issued NOK 675 million Norwegian Krone (approx. US$ 78.6 million) principal amount of 3.85% senior unsecured notes due 2026 (the "Notes").

The Notes are direct unsecured obligations of Couche-Tard and rank pari passu with all other outstanding unsecured and unsubordinated indebtedness of Couche-Tard.

Couche-Tard intends to use the net proceeds of the offering of approximately NOK 671 million (approx. US$ 78 million) to pay down a portion of amounts outstanding under its Senior Credit Facilities and for other general corporate purposes.

The Notes were offered in Norway on a private placement basis pursuant to an Agency Agreement with HSBC Bank plc acting as Global Coordinator and Lead Manager.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes in the United States. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States unless registered under the U.S. Securities Act or pursuant to an available exemption from the registration requirements of the U.S. Securities Act.

About Alimentation Couche-Tard Inc.

Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian and Baltic countries, with a significant presence in Poland.

As of October 11, 2015, Couche-Tard's network comprised 8,006 convenience stores throughout North America, including 6,579 stores offering road transportation fuel. Its North American network consists of 15 business units, including 11 in the United States covering 41 States and four in Canada covering all ten provinces. About 80,000 people are employed throughout its network and at its service offices in North America.

In Europe, Couche-Tard operates a broad retail network across Scandinavia (Norway, Sweden and Denmark), Poland, the Baltics (Estonia, Latvia and Lithuania) and Russia. As at October 11, 2015, it comprised 2,217 stores, the majority of which offer road transportation fuel and convenience products while the others are unmanned automated service stations which offer road transportation fuel only. The Corporation also offers other products, including stationary energy, marine fuel and chemicals. Couche-Tard operates key fuel terminals and fuel depots in six European countries. Including employees at Statoil branded franchise stations, about 19,000 people work in its retail network, terminals and service offices across Europe.

In addition, about 4,700 stores are operated by independent operators under the Circle K banner in 14 other countries or regions worldwide (China, Costa Rica, Egypt, Guam, Honduras, Hong Kong, Indonesia, Japan, Macau, Malaysia, Mexico, the Philippines, the United Arab Emirates and Vietnam) which brings to more than 14,900 the number of sites in Couche-Tard's network.

For more information on Alimentation Couche-Tard Inc., please visit: http://corpo.couche-tard.com.

Forward-Looking Statements

The statements set forth in this press release, which describes Couche-Tard's objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of securities legislation. Positive or negative verbs such as "believe", "could", "should", "intend", "expect", "estimate", "assume" and other related expressions are used to identify such statements. Couche-Tard would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements, or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Couche-Tard's actual results and the projections or expectations set forth in the forward-looking statements include the effects of the integration of acquired businesses and the ability to achieve projected synergies, fluctuations in margins on motor fuel sales, competition in the convenience store and retail motor fuel industries, exchange rate variations, and such other risks as described in detail from time to time in the reports filed by Couche-Tard with securities authorities in Canada and the United States. Unless otherwise required by applicable securities laws, Couche-Tard disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of the release.

 

SOURCE Alimentation Couche-Tard Inc.

For further information: Investor Relations: Claude Tessier, Chief Financial Officer, Tel: 450-662-6632, ext. 4607, claude.tessier@couche-tard.com; Media Relations: Karen Romer, Director, Global Communications, Tel: (514) 603-4505 or 011 47 950 74 950, karen.romer@couche-tard.com

RELATED LINKS
http://corpo.couche-tard.com/

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