Dollar General Corp Announces Offering Of $1.3 Billion Of Senior Notes

Monday, 8 Apr 2013 08:46am EDT 

Dollar General Corp announced an offering of $1.3 billion of Senior Notes due 2018 and Senior Notes due 2023. Concurrently with and conditioned upon the issuance of the Notes, the Company expects to enter into new senior unsecured credit facilities consisting of a $1.0 billion five-year term loan facility and an $850 million five-year cash-flow based revolving credit facility which is expected to be undrawn at closing. The offering of the Notes is not conditioned upon completion of the new credit facilities and related refinancing. The Company will use the net proceeds from the sale of the Notes, together with term loan borrowings under new senior unsecured credit facilities, to repay all of the outstanding borrowings under the existing senior secured credit facilities, to pay related fees and expenses and for general corporate purposes. BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., J.P. Morgan, US Bancorp and Wells Fargo Securities are serving as joint book-running managers for the offering. 

Company Quote

-0.46 -0.66%
26 Dec 2014