Alimentation Couche-Tard holds investor calls for senior note deal

By Cristal Cody

Tupelo, Miss., July 17– Alimentation Couche-Tard Inc. (Baa2/BBB) held investor calls on Monday and plans to continue a second round on Tuesday for a previously announced Rule 144A and Regulation S senior note offering, according to a market source.

HSBC, MUFG and Wells Fargo Securities, LLC are arranging the calls.

Alimentation Couche-Tard said in a news release on Friday that it intends to sell senior notes in the U.S. primary market and to sell Canadian dollar-denominated senior notes in a private placement.

The Quebec-based convenience store operator plans to use the proceeds to repay debt under its senior credit facilities.

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