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Dollar General plans $1.43 billion refinancing loan in two tranches
By Wendy Van Sickle
Columbus, Ohio, Oct. 15 – Dollar General Corp. plans to refinance its existing credit facilities with new senior unsecured credit facilities consisting of a $425 million five-year term loan facility and a $1 billion five-year cash-flow based revolving credit facility, according to a Thursday press release.
The company said it plans to use proceeds of the new facilities along with proceeds from a $500 million offering of senior notes due 2025 to repay all outstanding borrowings under the existing senior unsecured credit facilities and for general corporate purposes.
Dollar General is a Goodlettsville, Tenn.-based discount retailer.
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