Dollarama Inc. announced that it has priced an offering of $700 million aggregate principal amount of fixed rate senior unsecured notes to be issued in two series, consisting of $250 million aggregate principal amount of 5.084% senior unsecured notes due October 27, 2025 and $450 million aggregate principal amount of 5.165% senior unsecured notes due April 26, 2030 (the "2030 Notes", and together with the 2025 Notes, the "Notes"). Considering the impact of hedging contracts previously entered into, Dollarama estimates that the effective blended interest rate of the 2025 Notes and the 2030 Notes will correspond to approximately 4.83% per annum, on a combined basis. The Notes are being offered through an agency syndicate consisting of RBC Capital Markets, CIBC Capital Markets and National Bank Financial Markets, as joint bookrunners and co-lead private placement agents, and including TD Securities Inc., Desjardins Securities Inc., Scotia Capital Inc., Mizuho Securities Canada Inc., J.P. Morgan Securities Canada Inc. and Casgrain & Company Limited.

The offering of the 2025 Notes and the offering of the 2030 Notes are not dependent or conditional upon each other and are expected to close on or about October 26, 2022, subject to customary closing conditions. The 2025 Notes will be issued at par for aggregate gross proceeds of $250 million and will bear interest at a fixed rate of 5.084% per annum, payable semi-annually, until maturity on the 27(th) day of April and October of each year, commencing on April 27, 2023. The 2030 Notes will also be issued at par for aggregate gross proceeds of $450 million and will bear interest at a fixed rate of 5.165% per annum, payable semi-annually until maturity on the 26(th) day of April and October of each year, commencing on April 26, 2023.

The Corporation intends to use the net proceeds of the Offering to repay the $250 million aggregate principal amount of the Corporation's outstanding 2.203% senior unsecured notes due November 10, 2022 at maturity, to repay a portion of its outstanding U.S. commercial paper notes, and for general corporate purposes.