Dorel Industries Inc. — Capital/Financing Update 2021

Jun 14, 2021

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C O M M U N I Q U É

DOREL JUVENILE

Maxi-Cosi

Quinny

Tiny Love Safety 1st

Bébé Confort

Cosco Infanti

DOREL ENTERS INTO NEW US$450 MILLION CREDIT FACILITY

Montréal, June 14, 2021 — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that it and several of its subsidiaries have entered into a new US$450 million senior secured asset based revolving financing with institutional lenders led by Bank of Montreal as lead arranger, administrative agent and sole bookrunner. The new credit facility, which is guaranteed by certain of Dorel’s subsidiaries, will mature two years from the date of the initial advance thereunder and may be extended for additional one-year terms with the consent of the lenders.

DOREL SPORTS Cannondale

Schwinn

Caloi

GT Mongoose KidTrax

DOREL HOME

Dorel Home Products

Cosco Home & Office Ameriwood

Profile

Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating three distinct businesses in juvenile products, bicycles 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 MaxiCosi, Quinny and Tiny Love, complemented by regional brands such as Safety 1[st] , Bébé Confort, Cosco and Infanti. Dorel Sports brands include Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse. Dorel Home, with its comprehensive e- commerce platform, markets a wide assortment of domestically produced and imported furniture. Dorel has annual sales of US$2.8 billion and employs approximately 8,200 people in facilities located in twenty-five countries worldwide.

Dorel Living Signature Sleep Little Seeds

EXCHANGES

TSX: DII.B, DII.A

CONTACTS:

Saint Victor Investments Inc Rick Leckner (514) 245-9232

Dorel Industries Inc. Jeffrey Schwartz (514) 934-3034

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