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Dorel Industries completes US$120 million bought-deal offering of convertible debentures

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Dorel Industries Inc.

In October 2014, Dorel Industries Inc. completed a bought-deal prospectus offering by issuing 5.50% extendible convertible unsecured subordinated debentures in an aggregate principal amount of US $120 million. The convertible debentures are listed on the Toronto Stock Exchange and trade under the symbol “DII.DB.U”. The convertible debentures were sold to a syndicate of underwriters co-led by RBC Capital Markets and BMO Capital Markets and including CIBC World Markets, TD Securities, Desjardins Securities, HSBC Securities (Canada) and BNP Paribas (Canada) Securities. Dorel intends to use the net proceeds from the offering to fund its proposed acquisition of the juvenile business of Hong Kong-based Lerado Group, a juvenile product manufacturer in China specializing in the design and manufacture of a wide range of infant and juvenile products. Based in Montreal, Quebec, Dorel Industries is a world-class juvenile products and bicycle company engaged in the design, manufacturing and marketing of a diverse portfolio of consumer brands, sold through its Juvenile, Home Furnishings, and Recreational/Leisure segments. Fasken Martineau, with a team comprised of Neil Wiener, Monica Dingle and Joëlle Simard (corporate finance) and Claude Jodoin (tax), acted as legal counsel to Dorel Industries in connection with the prospectus offering.



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