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Dorel Finalizing Agreements to Recapitalize Its Balance Sheet Through New Credit Facilities and Issue of Preferred Shares
Globenewswire·2025-09-22 11:05

MONTRÉAL, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) announced today that it is finalizing the terms and conditions of new credit facilities with a group of lenders led by affiliates of TCW Asset Management Company LLC (“TCW”), as administrative agent, in an amount up to 310million,andofanagreementwithAlbertaInvestmentManagementCorporation(“AIMCo”)foraprivateplacementofpreferredsharesinanamountof310 million, and of an agreement with Alberta Investment Management Corporation (“AIMCo”) for a private placement of preferred shares in an amount of 75 million. Dorel expects that definitive agreements ...