Dollar General Corporation Announces Pricing of $2.3 Billion of Senior Notes
06 Setembro 2022 - 8:56PM
Business Wire
Dollar General Corporation (NYSE:DG) (“Dollar General” or the
“Company”) today announced the pricing of an offering (the
“Offering”) of $750,000,000 of its 4.250% Senior Notes due 2024
(the “2024 Notes”), $550,000,000 of its 4.625% Senior Notes due
2027 (the “2027 Notes”), $700,000,000 of its 5.000% Senior Notes
due 2032 (the “2032 Notes”) and $300,000,000 of its 5.500% Senior
Notes due 2052 (the “2052 Notes” and, collectively with the 2024
Notes, the 2027 Notes and the 2032 Notes, the “Notes”). The 2024
Notes will pay interest at a rate of 4.250% per annum and mature on
September 20, 2024. The 2027 Notes will pay interest at a rate of
4.625% per annum and mature on November 1, 2027. The 2032 Notes
will pay interest at a rate of 5.000% per annum and mature on
November 1, 2032. The 2052 Notes will pay interest at a rate of
5.500% per annum and mature on November 1, 2052. Dollar General
will pay interest on the 2024 Notes semi-annually on March 20 and
September 20 of each year, commencing March 20, 2023. Dollar
General will pay interest on the 2027 Notes, the 2032 Notes and the
2052 Notes semi-annually on May 1 and November 1 of each year,
commencing May 1, 2023. Issuance of the Notes is expected to occur
on September 20, 2022, subject to the satisfaction of customary
closing conditions.
The Company will use the net proceeds from the sale of the Notes
to repay all $900 million outstanding principal amount of its 3.25%
senior notes due 2023, including payment of any applicable
redemption premium, to reduce its commercial paper notes
outstanding (excluding $192.0 million of commercial paper notes
held by one of its wholly-owned subsidiaries) and, to the extent of
any remaining proceeds, for general corporate purposes, which may
include the repayment of other indebtedness and repurchases of
common stock under its existing share repurchase program.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC,
Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan
Securities LLC and U.S. Bancorp Investments, Inc. are serving as
joint book-running managers for the Offering. Truist Securities,
Inc., 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., KeyBanc Capital Markets
Inc., Capital One Securities, Inc., Huntington Securities, Inc. and
CastleOak Securities, L.P. 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 more than 80 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 18,566 stores in 47 states as of July 29, 2022. 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.
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Joint Book-Running Managers:
Citigroup Global Markets Inc. Broadridge Financial Solutions
1155 Long Island Avenue Edgewood, NY 11717 Telephone: (800)
831-9146 prospectus@citi.com
Goldman Sachs & Co. LLC Prospectus Department 200 West
Street New York, NY 10282 Telephone: (866) 471-2526
Prospectus-ny@ny.email.gs.com
Wells Fargo Securities, LLC 608 2nd Avenue South, Suite 1000
Minneapolis, MN 55402 Attention: WFS Customer Service Telephone:
(800) 645-3751 wfscustomerservice@wellsfargo.com
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