DOLLAR TREE, INC. (DLTR): debt financing — Dollar Tree enters $1.5B revolver and $1B 364-day facility, terminates prior credit agreement

DOLLAR TREE, INC.

New 5-year $1,500M revolving credit facility with $350M LC sublimit, maturing March 21, 2030.
New $1,000M 364-day revolving credit facility maturing March 20, 2026, with mandatory repayment from certain net cash proceeds.
Interest rates start at Adjusted Term SOFR plus 1.125%, subject to credit rating and leverage ratio adjustments.
Covenants include max leverage ratio and min fixed charge coverage; excludes Family Dollar spin-off from asset sale restrictions.
Terminated existing $1.5B credit agreement dated December 8, 2021, and related commitments.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DOLLAR TREE, INC. incurred revolving credit of $1,000 million with JPMorgan Chase Bank, N.A., as agent at Adjusted Term SOFR Rate plus 1.125% maturing 2026-03-20.

Instrument: revolving credit
Principal: $1,000 million
Counterparty: JPMorgan Chase Bank, N.A., as agent
Rate: Adjusted Term SOFR Rate plus 1.125%
Maturity: 2026-03-20
Event: incurrence

Exact text from the filing

On March 21, 2025, the Company entered into a 364-day revolving credit agreement (the “364-Day Credit Agreement”), with JPMorgan Chase Bank, N.A., as agent, and the banks, financial institutions and other institutional lenders from time to time party thereto, providing for a $1,000 million 364-day revolving credit facility (the “364-Day Revolving Credit Facility”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DOLLAR TREE, INC. incurred revolving credit of $1,500 million with JPMorgan Chase Bank, N.A., as agent at Adjusted Term SOFR Rate plus 1.125% maturing 2030-03-21.

Instrument: revolving credit
Principal: $1,500 million
Counterparty: JPMorgan Chase Bank, N.A., as agent
Rate: Adjusted Term SOFR Rate plus 1.125%
Maturity: 2030-03-21
Event: incurrence

Exact text from the filing

On March 21, 2025, Dollar Tree, Inc., a Virginia corporation (the “Company”), entered into a credit agreement (the “New Credit Agreement”), with JPMorgan Chase Bank, N.A., as agent, the banks, financial institutions and other institutional lenders from time to time party thereto and issuers of letters of credit party thereto, providing for a $1,500 million revolving credit facility (the “New Revolving Credit Facility”), of which up to $350 million is available for letters of credit.

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273 debt financings filed in the last 30 days. Browse all debt financings →

DOLLAR TREE, INC. filing history →

Source: SEC EDGAR

accession 0001104659-25-028779

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