Dollarama links credit facilities to sustainability targets, upsizes to C$1.05 billion

By Wendy Van Sickle

Columbus, Ohio, July 7 – Dollarama Inc. amended its existing syndicated credit facilities to convert them to a sustainability-linked loan with available credit of C$1.05 billion, according to a news release.

The sustainability-linked loan is tied to two sustainability performance targets related to climate change and energy management and increasing female gender representation in management positions.

RBC Capital Markets and CIBC acted as co-sustainability structuring agents.

Concurrently, Dollarama extended the term of each syndicated credit facility and upsized the credit available under all facilities from C$800 million.

The facility A now matures on July 5, 2027, facility B and C mature on July 5, 2025 and facility D matures on July 5, 2023. Each extension represents one year.

Dollarama may request increases to its committed facilities up to a total amount of C$1.5 billion.

Dollarama operates discount retail stores and is based in Montreal.

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