New Issue: Dollarama sells C$150 million three-year floaters at CDOR plus 54 bps

By Cristal Cody

Tupelo, Miss., May 13 - Dollarama Inc. sold C$150 million three-year floating-rate senior notes at par in a private placement offering in Canada on Tuesday, according to the company and an informed source.

The notes (DBRS: BBB) priced at the Canadian Dealer Offered Rate plus 54 basis points.

RBC Dominion Securities Inc. and CIBC World Markets Inc. were the bookrunners.

The Montreal-based dollar store operator plans to use the proceeds to repay debt outstanding under its revolving credit facility and for general corporate purposes.

Issuer:	Dollarama Inc.
Amount:	C$150 million
Maturity:	May 16, 2017
Securities:	Floating-rate senior notes
Bookrunners:	RBC Dominion Securities Inc., CIBC World Markets Inc.
Co-managers:	National Bank Financial Inc., TD Securities Inc., Desjardins Securities Inc., Scotia Capital Inc.
Coupon:	CDOR plus 54 bps
Price:	Par
Yield:	CDOR plus 54 bps
Pricing date:	May 13
Settlement date:	May 16
Rating:	DBRS: BBB
Distribution:	Canada private placement

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