Ritchie Bros. Auctioneers prices debt offerings to partially fund Euro Auctions acquisition

• Ritchie Bros. Auctioneers (NYSE:RBA) has priced its previously announced offering of the following two series of senior notes, with each series of notes to be issued at par:

• $600M aggregate principal amount of 4.750% senior notes due December 15, 2031 to be issued by Ritchie Bros. Holdings, a Washington corporation and wholly-owned subsidiary of Ritchie Bros.; and

• C$425M aggregate principal amount of 4.950% senior notes due December 15, 2029 to be issued by Ritchie Bros. Holdings, a Canadian federal corporation and wholly-owned subsidiary of Ritchie Bros.

• Net proceeds from the offering together with proceeds from its delayed-draw term loan and cash on hand or available under its revolving facilities, to fund the consideration payable in the previously announced acquisition of Euro Auctions Limited, William Keys & Sons Holdings Limited, Equipment & Plant Services Ltd and Equipment Sales Ltd.

• The gross proceeds from the offering, together with additional amounts from cash on hand or borrowings from our existing credit facilities to prefund accrued interest, will be held in an escrow account pending the consummation of the acquisition of the Target Companies.

• Offering is expected to close on December 21, 2021.