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29.09.25 - 19:00
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Dorel Completes Closing for New Credit Facilities and Issue of Preferred Shares (GlobeNewswire EN)
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MONTRÉAL, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) announced today that it completed the closing of its previously-announced new credit facilities with a group of lenders led by affiliates of TCW Asset Management Company LLC (“TCW”), as administrative agent, in an amount of US $310 million, and a private placement with Alberta Investment Management Corporation (“AIMCo”) of preferred shares in an amount of US $75 million....
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22.09.25 - 13:09
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Dorel Finalizing Agreements to Recapitalize Its Balance Sheet Through New Credit Facilities and Issue of Preferred Shares (GlobeNewswire EN)
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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 $310 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 will be signed this week and that closing of the two transactions will take place on or about September 29, 2025. All dollar amounts in this press release are in US dollars unless otherwise indicated....
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08.09.25 - 13:09
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Dorel Provides Long-Term Debt Update (GlobeNewswire EN)
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MONTREAL, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) announced today that the previously-announced forbearance period under its asset backed loan (ABL) facility and term loan facility has been extended by Dorel's lenders to the earlier of September 30, 2025 (from September 16, 2025) and the occurrence of any event of default, other than the previous event of default, under the ABL facility....
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07.08.25 - 17:36
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Dorel Provides Update on Long-Term Debt (GlobeNewswire EN)
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MONTRÉAL, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that on August 7, 2025, it again amended its asset backed loan (ABL) facility and term loan facility whereby Dorel's lenders agreed to continue to forebear from enforcing their rights and exercising their remedies under both the ABL facility and term loan facility further to a default by Dorel relating to certain financial covenants. The initial forbearance period commenced on May 9, 2025 and has now been extended to the earlier of September 16, 2025 and the occurrence of any event of default, other than the current event of default, under the ABL facility or term loan facility. Dorel will receive access to US$20.0 million additional liquidity in three tranches under the ABL facility in order to finance new inventory and must continue to provide the lenders with additional reporting during the forbearance period. In addition, the total maximum availability under the ABL facility was decreased to US...
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31.07.25 - 15:57
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New Product Safety Recalls (PR Newswire)
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WASHINGTON, July 31, 2025 /PRNewswire/ -- The CPSC announces today the following recalls are posted in cooperation with the firms listed below. Recalls can be viewed at www.cpsc.gov. Dorel Home Furnishings Recalls Cosco 2-Step Kitchen Steppers Due to Fall and Injury Hazards (25-412)......
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30.06.25 - 14:33
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Dorel Provides Business Update (GlobeNewswire EN)
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MONTREAL, June 30, 2025 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) is providing a business update on its on-going operations as promised in its first quarter financial results press release issued on May 12, 2025.The Company is announcing a strategic shift in its operations with a significant reduction in the size of its Home segment which is expected to return the segment to profitability in 2026. These changes will be facilitated by a reduced product line focusing on profitable categories and the elimination of the domestic manufacturing operations based in Cornwall, Ontario.As described in the first quarter earnings release, Dorel Home initiated a new round of restructuring in the second quarter founded upon the reduction of the size of the organization and its ability to merge the sales, marketing and product development organization into the successful Cosco division. A limited number of high-performing Dorel Home import SKUs will be transferred to the Cosco portfolio, focused on...
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28.05.25 - 23:09
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Dorel Industries Announces Results of Annual Meeting (GlobeNewswire EN)
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MONTRÉAL, May 28, 2025 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) is pleased to announce that all of the nominees listed in its Management Proxy Circular dated April 15, 2025 were re-elected as directors at the Company's Annual Meeting of Shareholders held today in Montréal....
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