Golden Credit Card Trust announces issuance of Credit Card Receivables-Backed Notes and addition of Fitch Ratings on its outstanding notes

TORONTO, Nov. 21, 2014 /CNW/ - Golden Credit Card Trust (the "Trust") announced today that it has entered into arrangements to issue new Credit Card Receivables-Backed Notes (the "Series Enhancement Notes"), as indicated in its September 17, 2014 news release. The Trust has privately placed the Series Enhancement Notes in the aggregate amount of $151 million. The Series Enhancement Notes provide additional credit enhancement for certain Class A and Class B notes previously issued by the Trust.

The Series Enhancement Notes are rated BBB(high)(sf) by DBRS Limited and BBB+sf by Fitch Ratings, Inc. ("Fitch"). The Trust also announced that it requested ratings from Fitch on the notes previously issued by the Trust.

The Series Enhancement Notes were offered by a syndicate led by RBC Capital Markets.

SOURCE: Golden Credit Card Trust

Investors: Christopher Taylor, Investor Relations, RBC, 416-955-7872, [email protected]; Media: Sandra Nunes, Financial Communications, RBC, 416-974-1794, [email protected]