GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--
Dollar General Corporation (NYSE:DG) (the "Company") today announced an
offering of $1.3 billion of Senior Notes due 2018 and Senior Notes due
2023 (collectively, the "Notes").
Concurrently with and conditioned upon the issuance of the Notes, the
Company expects to enter into new senior unsecured credit facilities
consisting of a $1.0 billion five-year term loan facility and an $850
million five-year cash-flow based revolving credit facility which is
expected to be undrawn at closing. The offering of the Notes is not
conditioned upon completion of the new credit facilities and related
The Company will use the net proceeds from the sale of the Notes,
together with term loan borrowings under its new senior unsecured credit
facilities, to repay all of the outstanding borrowings under the
existing senior secured credit facilities, to pay related fees and
expenses and for general corporate purposes.
BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., J.P. Morgan, US
Bancorp and Wells Fargo Securities are serving as joint book-running
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
more than 70 years. Dollar General helps shoppers Save time. Save money.
Every day!(R) by offering products that are frequently used and
replenished, such as food, snacks, health and beauty aids, cleaning
supplies, basic apparel, house wares and seasonal items at low everyday
prices in convenient neighborhood locations. With 10,506 stores in 40
states as of February 1, 2013, Dollar General has more locations in the
U.S. than any other retailer. In addition to high quality private
brands, Dollar General sells products from America's most-trusted
manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever,
Kellogg's, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola.
Joint Book-Running Managers:
Citigroup Global Markets Inc.
Broadridge Financial Solutions
Long Island Avenue
Edgewood, NY 11717
Telephone: (800) 831-9146
Goldman, Sachs & Co.
200 West Street
York, NY 10282
Telephone: (866) 471-2526, facsimile: (212) 902-9316
Merrill Lynch, Pierce, Fenner & Smith Incorporated
York, NY 10058
Telephone: (800) 294-1322
Dollar General Corporation
Investor and Financial Media Contacts:
Winn Gordon, 615-855-5536
Emma Jo Kauffman, 615-855-5525
Source: Dollar General Corporation
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