Boucherville, February 2, 2015 – Uni-Select Inc. (“Uni-Select”) (TSX: UNS), a major automotive aftermarket product distributor with activities across North America, announces today the completion of the previously announced redemption of all of its outstanding 5.9% Extendible Convertible Unsecured Subordinated Debentures due on January 31, 2016 (the “Debentures”) for an aggregate principal amount of $51,750,000.
The redemption of the Debentures was effected by the payment by Uni-Select of a redemption amount of $1,000 for each $1,000 principal amount of Debentures. All accrued and unpaid interest on the Debentures up to January 31, 2015, inclusively, was also paid in connection with the redemption.
Founded in 1968, Uni-Select is a major distributor of replacement parts, equipment, tools, accessories, paint and related products for motor vehicles in North America. Leader in the Canadian industry, Uni-Select is the 5th largest distributor and the leading independent distributor of automotive paint and related products in North America. With its 5,400 employees, Uni-Select efficiently services a wide network of independent installers and wholesalers, including over 6,600 which operate under one of its banner programs in North America. Uni-Select is headquartered in Boucherville, Québec and its shares are traded on the Toronto Stock Exchange (TSX) under the symbol UNS.
The information provided in this press release includes some forward-looking information, which includes certain risks and uncertainties which may cause the final results to be significantly different from those listed or implied within this news release. For additional information with respect to risks and uncertainties, refer to the Annual Report filed by Uni-Select with the Canadian securities commissions. The forward-looking information contained herein is made as of the date of this press release, and Uni-Select does not undertake to publicly update such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws.
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Investor Relations and Communications Manager