Alimentation Couche-Tard’s $900 Million Bond Offering

Simpson Thacher represented the initial purchasers, led by HSBC Securities (USA) Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC, in connection with the U.S. bond offering by Alimentation Couche-Tard Inc. (“Couche-Tard”) of $600 million aggregate principal amount of 2.35% Senior Notes due 2019 and $300 million aggregate principal amount of Floating Rate Senior Notes due 2019 in reliance on Rule 144A and Regulation S.

Couche-Tard intends to use the proceeds from the offering to repay a portion of the outstanding amounts under its senior credit facilities.

Couche-Tard is the leader in the Canadian convenience store industry. In the United States, Couche-Tard 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 Scandinavia countries (Norway, Sweden and Denmark), in the Baltic countries (Estonia, Latvia and Lithuania) and in Ireland, and also has an important presence in Poland.

The Simpson Thacher team included Risë Norman (Picture), Sung Bum Cho and Dorothy Hector (Capital Markets); Rob Holo, Sophie Staples and Deborah Plum (Tax); Adeeb Fadil and Louise Kruger (Environmental); Tristan Brown and Erin Murphy (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).

Involved fees earner: Risë Norman – Simpson Thacher & Bartlett; Sung Bum Cho – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Deborah Plum – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Louise Kruger – Simpson Thacher & Bartlett; Tristan Brown – Simpson Thacher & Bartlett; Erin Murphy – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: HSBC; RBC Capital Markets; Wells Fargo Securities;


Author: Ambrogio Visconti