Alimentation Couche-Tard Inc. announced that it has successfully priced a private debt offering consisting of two tranches of notes (together, the "Notes"): USD 650 million aggregate principal amount of 3.439% Senior Unsecured Notes due 2041 ("2041 Notes") and USD 350 million aggregate principal amount of 3.625% Senior Unsecured Notes due 2051 ("Green Bonds"). The Notes will be senior unsecured obligations of Couche-Tard and will rank equally and pari passu with Couche-Tard's current and future unsecured and unsubordinated indebtedness and will be guaranteed on a senior unsecured basis by certain of Couche-Tard's wholly-owned subsidiaries who are guarantors under Couche-Tard's senior credit facilities. Couche-Tard intends to use the net proceeds from the sale of the 2041 Notes, combined with cash on hand, to redeem all of its USD 1 billion outstanding Senior Unsecured Notes due July 26, 2022. As outlined in the Couche-Tard Green BondFramework, an amount equal to the net proceeds of the Green Bonds will be used to finance or refinance, in whole or in part, Couche-Tard's new or existing environmentally friendly projects and community initiatives in six categories: clean transportation; energy efficiency; renewable energy; pollution prevention and control; sustainable water and wastewater management; and green buildings. Couche-Tard plans to issue an annual report on the use of net proceeds from the Green Bonds and its expected environmental impact. ISS ESG, provided a second party opinion on the environmental benefits of the Couche-Tard Green Bond Framework as well as its alignment with the four core components of the Green Bond Principles, 2018 as administered by the International Capital Market Association. he private offering is exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and is expected to close on or about May 14, 2021, subject to satisfaction of customary closing conditions. The Notes will be offered in the United States only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act, and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws.