Dorel Industries completes closing for new credit facilities and issue of preferred shares.
On September 29, 2025, Dorel Industries Inc. (TSX: DII.B, DII.A) completed the closing of new senior secured credit facilities with a group of lenders led by affiliates of TCW Asset Management Company LLC, as administrative agent, in an amount of US $310 million, and a private placement with Alberta Investment Management Corporation of preferred shares in an amount of US $75 million.
Dorel intends to use the proceeds from the new senior secured credit facilities and preferred shares to repay in full Dorel’s previous senior secured debt in an amount of approximately US $180 million, to pay for the restructuring costs of Dorel’s Home segment and for working capital.
Dorel is a global organization operating two distinct businesses in juvenile products and home products. Dorel employs approximately 3,500 people in facilities located in 22 countries worldwide.
Fasken advised Dorel in connection with the new senior secured credit facilities with a team led by Angela Onesi and including Marwan El-Sayegh, Elaine Laberge-Poirier, Marilie Gagné, Luka Bozic and Gabrielle Motuz (Banking and Finance) and in connection with the issue of preferred shares with a team consisting of Neil Wiener, Sébastien Bellefleur, Eric White and Julien Fournier (Capital Markets).Jurisdiction
- Québec
