debt
confidence high
sentiment neutral
materiality 0.55
Dollar General completes $2.3B multi-tranche note offering across four series
DOLLAR GENERAL CORP
- Issued $750M of 4.250% notes due 2024, $550M of 4.625% notes due 2027, $700M of 5.000% notes due 2032, and $300M of 5.500% notes due 2052.
- Notes are unsecured and unsubordinated, ranking equally with other unsecured debt; interest paid semi-annually.
- Proceeds from the offering not specified; offering was underwritten and made under existing shelf registration.
- Change of control triggering event allows holders to require repurchase at 101% of principal plus accrued interest.
- U.S. Bank Trust Company serves as trustee; an affiliate acted as underwriter for customary compensation.