LAVAL, QC, May 9, 2022 /PRNewswire/ – Alimentation Couche-Tard Inc. (“Couche-Tard” or the “Company”) (TSX: ATD) announced today that it has established a commercial paper program in the United States (the “Program of American commercial paper”) on the basis of a private placement.

Under the U.S. Commercial Paper Program, Couche-Tard may issue, from time to time, unsecured commercial paper notes maturing not to exceed 397 days from the date of issue (the “Notes”) . The aggregate principal amount of Notes outstanding at any time under the U.S. Commercial Paper Program will not exceed $2.5 billion. Couche-Tard intends to use the proceeds from the issuance of the Notes for general corporate purposes.

The Notes will constitute senior unsecured obligations of the Company and will rank pari passu and pari passu with all of its present and future senior unsecured and unsubordinated indebtedness. The Notes will be guaranteed on a senior unsecured basis by certain of Couche-Tard’s wholly owned subsidiaries which are guarantors under Couche-Tard’s senior credit facilities. The Company’s principal revolving credit facility, available for an aggregate amount of $2,525 millionwill serve as collateral liquidity for the repayment of notes issued under the US commercial paper program.

The Notes have not been and will not be qualified for sale to the public under applicable securities laws in Canada and may not be offered, sold or purchased by a resident of Canada.

Notes to be offered under the United States Commercial Paper Program have not been and will not be registered under the Securities Act of 1933, as amended, or under any state securities law, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no offer to sell or solicitation of an offer to buy the Securities in the United States or in any jurisdiction where it is illegal to do so.

About Alimentation Couche-Tard Inc.

Couche-Tard is a leading global convenience and fuel retailer, present in 26 countries and territories, with more than 14,100 stores, approximately 10,800 of which offer road transportation fuel. With its well-known Couche-Tard and Circle K banners, it is one of the largest operators of independent convenience stores in United States and it is a leader in the convenience store and road transportation fuel retail industry in CanadaScandinavia, Baltic, as well as in Ireland. He also has a strong presence in Poland and Hong Kong SAR. Around 124,000 people are employed in its network.

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Forward-looking statements

Certain statements contained in this press release may constitute forward-looking statements within the meaning of securities laws, including those regarding the issuance of the Notes and the use of proceeds thereof. Positive or negative verbs such as ‘believe’, ‘can’, ‘shall’, ‘intend’, ‘expect’, ‘estimate’, ‘assume’ and other related expressions are used to identify such statements. These statements are based on Couche-Tard’s current beliefs and expectations and are subject to significant risks and uncertainties beyond Couche-Tard’s control. Couche-Tard would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated in or underlying these statements. , or could have an impact on the degree of realization of a particular projection. Except as otherwise required by applicable securities laws, Couche-Tard disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. The forward-looking information contained in this press release is based on information available at the date of the press release.

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SOURCEAlimentation Couche-Tard inc.

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