Dorel News

Dorel Industries Inc. Issues Additional 5.50% Extendible Convertible Unsecured Subordinated Debentures on Exercise in Full of Over-Allotment Option

Montreal, Quebec - 10/9/2014

Dorel Industries Inc. (“Dorel”) (TSX: DII.B, DII.A) is pleased to announce that it has issued additional 5.50% extendible convertible unsecured subordinated debentures due November 30, 2019 (the “Debentures”) in an aggregate principal amount of US$15 million following the exercise in full of an over-allotment option by the underwriters of Dorel’s offering (the “Offering”).

As previously announced, at the closing of the Offering held on October 7, 2014, Dorel issued Debentures in an aggregate amount of US$105 million.  As a result of the exercise in full of the over-allotment option, Dorel issued Debentures in an aggregate principal amount of US$120 million in the Offering.  The Debentures are listed on the Toronto Stock Exchange and trade under the symbol “DII.DB.U”.

The additional Debentures were sold to a syndicate of underwriters co-led by RBC Capital Markets and BMO Capital Markets, acting as joint book-runners, and including CIBC World Markets Inc., TD Securities Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc. and BNP Paribas (Canada) Securities Inc.

Dorel intends to use the aggregate net proceeds of the Offering to fund its previously-announced 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

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