05:19 PM EDT, 04/28/2025 (MT Newswires) -- Alimentation Couche-Tard ( ANCTF ) said Monday afternoon it increased the size of its U.S. commercial paper program from US$2.5 billion to US$3.5 billion.

Under the program, the gas-stop and convenience company can issue unsecured commercial paper notes with maturities of up to 397 days .Proceeds will be used for general corporate purposes, the company said.

The company added that its US$3.5 billion revolving credit facility will continue to provide backup liquidity for this program.

These notes will not be offered or sold to the public in Canada and are not registered under U.S. securities laws. They may only be sold under certain exemptions and are not available to the general public in either country, according to the statement.

Couche-Tard shares closed up $0.48 to $72.90 on the Toronto Stock Exchange.