Dorel Provides Long-Term Debt Update

Extension of forbearance period to September 30, 2025

Dorel Industries Inc. announced that the previously-announced forbearance period under its asset backed loan (ABL) facility and term loan facility has been extended by Dorel’s lenders to the earlier of September 30, 2025 (from September 16, 2025) and the occurrence of any event of default, other than the previous event of default, under the ABL facility.

Also as previously announced, the Company has engaged two leading capital market advisors to assist in re-capitalizing the Company’s balance sheet to allow for growth in the Juvenile segment and support the re-organization of the Home segment. The new structure is intended to replace the current debt structure which no longer matches the Company’s needs. The process is well advanced; the Company’s objective is to have the new structure in place before the end of the extended forbearance period.

About Dorel Industries Inc.

Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products 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 Maxi-Cosi, Safety 1st and Tiny Love, complemented by regional brands such as BebeConfort, Cosco, Mother’s Choice and Infanti. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture. Dorel has annual sales of US$1.4 billion and employs approximately 3,900 people in facilities located in twenty-two countries worldwide.

Contact:

Jeffrey Schwartz – Media Contact – (514) 934-3034

Source: Dorel Industries Inc.