01:32 PM EDT, 09/29/2025 (MT Newswires) -- Dorel Industries (DII-B.TO, DII-A.TO) on Monday said it closed a new US$310 million credit facility with a group of lenders, as well as a US$75 million private placement of preferred shares with Alberta Investment Management Corporation (AIMCo).

"Dorel is very pleased to complete these two transactions," said Chief Executive Martin Schwartz. "The new credit facilities and the proceeds from the preferred shares will re-capitalize 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."

Proceeds from the credit facilities and preferred shares will be used to repay Dorel's senior secured debt of US$180 million, restructuring costs of Dorel's Home segment and for working capital.

Dorel Industries were last seen up $0.05 to $1.61 on the Toronto Stock Exchange.

Price: 1.60, Change: +0.04, Percent Change: +2.56