Dollarama Inc. announced a private placement of 5.165% senior unsecured notes due, April 26, 2030, for gross proceeds of CAD 450 million and 5.084% senior unsecured notes, due October 27, 2025, for gross proceeds of CAD 250 million; for aggregate gross proceeds of CAD 700 million on October 4, 2022. The 2030 notes will also be issued at par and will bear interest at a fixed rate of 5.165% per annum, payable semi-annually until maturity on the 26th day of April and October of each year, commencing on April 26, 2023. The 2025 notes will be issued at par and will bear interest at a fixed rate of 5.084% per annum, payable semi-annually, until maturity on the 27th day of April and October of each year, commencing on April 27, 2023.

The notes will be direct unsecured obligations of the company. The transaction is expected to close on October 26, 2022 not dependent or conditional upon each other. The notes have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the notes in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws.

The notes have not been and will not be registered under the United States Securities Act of 1933, as amended.