Dollar General intends to sell $500 million 10-year senior notes

By Devika Patel

Knoxville, Tenn., March 26 – Dollar General Corp. is planning to price a $500 million offering of senior notes (Baa2/BBB) due 2028, according to a 424B2 filed with the Securities and Exchange Commission.

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

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

Proceeds will be used to repay all $400 million of the company’s 1.875% senior notes due 2018, to reduce commercial paper borrowings and for general corporate purposes.

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

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