New Issue: Dollar General prices $1.5 billion senior notes due 2028, 2033

By Wendy Van Sickle

Columbus, Ohio, June 5 – Dollar General Corp. priced $1.5 billion of senior notes in two parts on Monday, according to a news release.

Dollar General priced $1 billion of 5.2% senior notes due 2028.

The company priced $500 million of 5.45% senior notes due 2033.

The notes will have a make-whole call and then are callable at par.

BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC and J.P. Morgan Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including debt repayment.

Based in Goodlettsville, Tenn., Dollar General is a discount retailer.

Issuer:	Dollar General Corp.
Amount:	$1.5 billion
Description:	Senior notes
Bookrunners:	BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC and J.P. Morgan Securities LLC
Senior co-managers:	BMO Capital Markets Corp., Fifth Third Securities, Inc., Regions Securities LLC and Truist Securities, Inc.
Co-managers:	Huntington Securities, Inc., KeyBanc Capital Markets Inc., PNC Capital Markets LLC, Capital One Securities, Inc. and R. Seelaus & Co., LLC
Trustee:	U.S. Bank Trust Co., NA
Counsel to issuer:	Maynard Nexsen PC
Counsel to underwriters:	Simpson Thacher & Bartlett LLP
Trade date:	June 5
Settlement date:	June 7
Distribution:	SEC registered
10-year notes
Amount:	$1 billion
Maturity:	July 5, 2028
Coupon:	5.2%
30-year notes
Amount:	$500 million
Maturity:	July 5, 2033
Coupon:	5.45%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.