DBRS Rates Dollarama’s $525 Million Senior Unsecured Debentures at BBB

DBRS Limited (DBRS) has today assigned a rating of BBB with a Stable trend to the $525 million, 2.337% senior unsecured debentures due July 22, 2021 (the Notes), issued by Dollarama Inc. (Dollarama).

The Notes are direct senior unsecured obligations of Dollarama and rank pari passu with all other unsecured and unsubordinated indebtedness of Dollarama. The net proceeds will be used to repay indebtedness outstanding under the Company’s main credit facility and for general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Companies in the Merchandising Industry, which can be found on our website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.