April 7, 2010 (FinancialWire) — Dorel Industries Inc. (TSX: DII.A) said that is has secured new long-term financing by issuing $50 million of Series "A" Senior Guaranteed notes and $150 million of Series "B" Senior Guaranteed Notes, bearing interest at 4.24% and 5.14%, respectively.

The company said that the notes were purchased by a group of institutional investors including Prudential Capital Group, an institutional investment business of Prudential Financial, Inc. (NYSE: PRU).

The principal repayment of the Series "A" Senior Guaranteed notes is due in April 2015, whereas the principal repayments of the Series "B" Senior Guaranteed notes begin in April 2013 with the final payment due in April 2020.

Canada-based Dorel Industries is a juvenile products and bicycle company. The firm’s branded products include Safety 1st, Quinny, Cosco, Maxi-Cosi and Bébé Confort in Juvenile, as well as Cannondale, Schwinn, GT, Mongoose, Iron Horse and SUGOI in Recreational/Leisure.

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Dorel's Home Furnishings segment markets a range of furniture products, both domestically produced and imported.

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