E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/15/2015 in the Prospect News Bank Loan Daily.

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.


© 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.