GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--
Dollar General Corporation (NYSE:DG) (the "Company") today announced the
pricing of an offering (the "Offering") of $500 million of its 4.125%
Senior Notes due 2028 (the "Notes"). The Notes will pay interest at a
rate of 4.125% per annum and mature on May 1, 2028. Dollar General will
pay interest on the Notes semi-annually on May 1 and November 1 of each
year, commencing November 1, 2018. Issuance of the Notes is expected to
occur on April 10, 2018, subject to the satisfaction of customary
The Company will use the net proceeds from the sale of the Notes to
repay all $400 million outstanding principal amount of its 1.875% Senior
Notes due 2018, to reduce any of its outstanding commercial paper notes
(excluding certain commercial paper held by one of its wholly-owned
subsidiaries) and, to the extent of any remaining proceeds, for general
Goldman Sachs & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Wells Fargo Securities, LLC, Citigroup Global Markets Inc.
and U.S. Bancorp Investments, Inc. are serving as joint book-running
managers for the Offering. J.P. Morgan Securities LLC, Mizuho Securities
USA LLC, BBVA Securities Inc., BB&T Capital Markets, a division of BB&T
Securities, LLC, Fifth Third Securities, Inc., PNC Capital Markets LLC
and Regions Securities LLC are serving as senior co-managers for the
Offering. BNP Paribas Securities Corp. and KeyBanc Capital Markets Inc.
are serving as co-managers for the Offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities nor will there be any
sale of these securities in any state or other jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or other
jurisdiction. Copies of the prospectus and related supplement may be
obtained by contacting any of those joint book-running managers whose
contact information is listed at the bottom of this announcement.
About Dollar General Corporation
Dollar General Corporation has been delivering value to shoppers for
over 75 years. Dollar General helps shoppers Save time. Save money.
Every day!® by offering products that are frequently used and
replenished, such as food, snacks, health and beauty aids, cleaning
supplies, basic apparel, housewares and seasonal items at everyday low
prices in convenient neighborhood locations. Dollar General operated
14,609 stores in 44 states as of March 2, 2018. In addition to high
quality private brands, Dollar General sells products from America's
most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble,
Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's,
General Mills, and PepsiCo.
Joint Book-Running Managers:
Goldman Sachs & Co. LLC
New York, NY 10282
Telephone: (866) 471-2526
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Charlotte, NC 28255-0001
Wells Fargo Securities, LLC
608 2nd Avenue South, Suite
Minneapolis, MN 55402
Attention: WFS Customer Service
Citigroup Global Markets Inc.
Broadridge Financial Solutions
Long Island Avenue
Edgewood, NY 11717
Telephone: (800) 831-9146
U.S. Bancorp Investments, Inc.
214 North Tryon Street, 26th
Charlotte, NC 28202
Attention: Debt Capital Markets
View source version on businesswire.com: https://www.businesswire.com/news/home/20180326006151/en/
Dollar General Corporation
Kevin Walker, 615-855-4954
Source: Dollar General Corporation
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