Dorel Industries closes credit facilities, offering

Mr. John Paikopoulos reports DOREL COMPLETES CLOSING FOR NEW CREDIT FACILITIES AND ISSUE OF PREFERRED SHARES Dorel Industries Inc. has completed the closing of its previously announced new credit facilities with a group of lenders led by affiliates of TCW Asset Management Company LLC, as administrative agent, in an amount of $310-million (U.S.), and a private placement with Alberta Investment Management Corp. (AIMCo) of preferred shares in an amount of $75-million (U.S.). "Dorel is very pleased to complete these two transactions," stated Martin Schwartz, Dorel president and chief executive officer. "The new credit facilities and the proceeds from the preferred shares will recapitalize our balance sheet. Dorel is now well positioned to advance its strategic agenda, particularly in accelerating the growth of the juvenile segment and executing the repositioning of the home segment. We greatly appreciate the support of TCW and our other new lenders and of AIMCo." As previously announced, Dorel intends to use the proceeds from the new credit facilities and preferred shares to repay in full Dorel's previous senior secured debt in an amount of approximately $180-million (U.S.), to pay for the restructuring costs of Dorel's home segment and for working capital. The terms and conditions of the new credit facilities, preferred shares and related warrants to purchase Class B subordinate voting shares of Dorel are set out in Dorel's news release of Sept. 22, 2025. Advisers TD Securities Inc. acted as sole and exclusive financial adviser to Dorel in connection with the debt financing. TD Securities and BMO Capital Markets acted as Dorel's placement agents in connection with the offering of preferred shares. Fasken Martineau DuMoulin LLP (Canada) and ArentFox Schiff (United States) acted as legal advisers to Dorel in connection with the debt financing and offering of preferred shares, McCarthy Tetrault LLP (Canada) and Paul Hastings LLP (United States) acted as legal advisers to TCW and the other lenders in connection with the debt financing, Stikeman Elliott LLP acted as legal adviser to AIMCo in connection with the offering of preferred shares, and Torys LLP acted as legal adviser to TD Securities and to BMO Capital Markets. About Dorel Industries Inc. Dorel Industries is a global organization, operating two distinct businesses in juvenile products and home products. Dorel's strength lies in the diversity, innovation and quality of its products, as well as the superiority of its brands. 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. Dorel has annual sales of $1.3-billion (U.S.) and employs approximately 3,500 people in facilities located in 22 countries worldwide. We seek Safe Harbor.