Dollar General Corporation (NYSE:DG) today announced an offering of $450 million aggregate principal amount of Senior Notes due 2017 (the “Notes”). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by each domestic subsidiary of Dollar General that guarantees its senior secured credit facilities.
Dollar General Corporation will use the net proceeds from the sale of the Notes, together with cash on hand and/or borrowings under its senior secured revolving credit facility, to redeem on July 15, 2012 all outstanding aggregate principal amount of its Senior Subordinated Notes and to pay related premium and accrued interest.
Citigroup, Goldman, Sachs & Co. and KKR, are serving as joint book running managers for the offering, with BofA Merrill Lynch, Barclays, J.P. Morgan, Wells Fargo Securities, Fifth Third Securities, Inc., HSBC, KeyBanc Capital Markets, and US Bancorp acting as co-managers.
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 the 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 over 10,000 stores in 40 states, Dollar General has more locations than any other discount retailer in America. 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:|
|Brooklyn Army Terminal|
|140 58th Street, 8th Floor|
|Brooklyn, NY 11220|
|Toll-free: (800) 831-9146|
|Goldman, Sachs & Co.|
|200 West Street|
|New York, NY 10282|
|Telephone: 1-866-471-2526, facsimile: 212-902-9316 or by|
|9 West 57th Street, Suite 4200|
|New York, NY 10019|
|Telephone: (212) 750-8300|