Under the terms of the US Commercial Paper Program, the Corporation may issue, from time to time, unsecured commercial paper notes with maturities not in excess of 397 days from the date of issue (the "Notes"). The aggregate principal amount of Notes outstanding at any one time under the US Commercial Paper Program will not exceed US$500 million. The Corporation intends to use the proceeds from the issuance of Notes for general corporate purposes.
The Notes will be direct unsecured obligations of the Corporation and will rank equally with all of its other unsecured and unsubordinated indebtedness. The Notes will be unconditionally guaranteed by Dollarama L.P. and
The Notes have not been and will not be qualified for sale to the public under applicable securities laws in
The Notes to be offered under the US Commercial Paper Program have not been and will not be registered under the Securities Act of 1933, as amended, or under any state securities laws, and may not be offered or sold in
Forward-Looking Statements
Certain statements in this press release about the timing of the proposed issuance of the Notes, the expected use of the proceeds from the issuance, and any other future events or developments constitute forward-looking statements.
Forward-looking statements are based on information currently available to management and on estimates and assumptions made by management in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the "Risks and Uncertainties" section of the Corporation's annual management's discussion and analysis and in its annual information form for Fiscal 2019, both available on SEDAR at www.sedar.com.
Readers should not place undue reliance on forward-looking statements made herein. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as at
The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
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