Dorel completes issuance of preferred shares
On September 29, 2025, Dorel Industries Inc. (“Dorel”) announced that it completed the closing of its previously announced private placement with Alberta Investment Management Corporation (“AIMCo”) of preferred shares in an amount of US$75 million. TD Securities Inc. and BMO Capital Markets acted as placement agents to Dorel in connection with the offering.
Dorel intends to use the proceeds from the preferred share offering, as well as from the US$310 million of new credit facilities from a group of lenders led by affiliates of TCW Asset Management Company LLC, to repay in full its previous senior secured debt in an amount of approximately US$180 million, to pay for the restructuring costs of its Home segment and for working capital.
Further information can be found on GlobeNewswire’s website.
Dorel Industries is a global organization, operating two distinct businesses in juvenile products and home products.
- Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi, Safety 1st and Tiny Love, complemented by regional brands such as BebeConfort, Cosco, Mother’s Choice and Infanti.
- Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.
AIMCo is one of Canada's largest and most diversified institutional investment managers with more than C$179.6 billion of assets under management as at December 31, 2024. It invests globally on behalf of pension, endowment, insurance, and government funds in the Province of Alberta.