Dollar General Corporation Announces Pricing of $600.0 Million of Senior Notes
Tue, 28 Mar 2017
GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--
Dollar General Corporation (NYSE:DG) (the “Company”) today announced the
pricing of an offering (the “Offering”) of $600.0 million of its 3.875%
Senior Notes due 2027 (the “Notes”). The Notes will pay interest at a
rate of 3.875% per annum and mature on April 15, 2027. Dollar General
will pay interest on the Notes semi-annually on April 15 and October 15
of each year, commencing October 15, 2017. Issuance of the Notes is
expected to occur on April 11, 2017, subject to customary closing
conditions.
The Company will use the net proceeds from the sale of the Notes to
repay all $500 million outstanding principal amount of its 4.125% Senior
Notes due 2017 and for general corporate purposes.
Citigroup Global Markets Inc., Goldman, Sachs & Co., Merrill Lynch,
Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments, Inc. and
Wells Fargo Securities, LLC are serving as joint book-running managers
for the Offering. J.P. Morgan Securities, LLC, Mizuho Securities USA
Inc., BBVA Securities Inc., Fifth Third Securities, Inc., PNC Capital
Markets LLC, Regions Securities LLC and BB&T Capital Markets, a division
of BB&T Securities, LLC are serving as senior co-managers for the
Offering. BNP Paribas Securities Corp., Capital One Securities, Inc. and
KeyBanc Capital Markets Inc. are serving as co-managers of 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 low everyday
prices in convenient neighborhood locations. With 13,429 stores in 44
states as of March 3, 2017, Dollar General is among the largest discount
retailers in the United States. In addition to high quality private
brands, Dollar General sells products from America's most-trusted brands
such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg's, General
Mills, Nabisco, Hanes, PepsiCo and Coca-Cola.
