Dollarama Sets IPO Terms
Posted on: October 9, 2009 by PEHub AdministratorNo Comments »
(Reuters) – Canadian retailer Dollarama Inc (DOL.TO), backed by private equity firm Bain Capital, priced its initial public offering of 17.14 million shares at C$17.50 ($16.60) a share, on the Toronto Stock Exchange.
The offering, which is expected to generate proceeds of about C$300 million for the Montreal-based company, will be used to repay its outstanding debt, including its 8.875 percent senior subordinated notes due 2012, the term loan A facility and notes owed to certain shareholders.
The underwriters for the IPO, which include RBC Capital Markets, CIBC World Markets Inc, and Credit Suisse Securities (Canada) Inc, have scheduled the closing of the offering



