Simpson Thacher Represents Dollar General Corporation in $1.425 Billion Amended and Restated Credit Facilities and $500 Million Senior Notes Offering
10.21.15
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Simpson Thacher recently represented Dollar General Corporation (“Dollar General”) in connection with its registered public offering of $500 million aggregate principal amount of 4.15% Senior Notes due 2025. The Firm also represented Dollar General in connection with new amended and restated senior unsecured credit facilities, which consist of a $425 million five-year term loan and a $1 billion five-year revolving credit facility. Dollar General used the net proceeds from the offering, together with borrowings under the amended and restated credit facilities, to repay all of the outstanding borrowings under its existing credit facilities and for general corporate purposes.
Dollar General is the largest discount retailer in the United States by number of stores, offering a broad selection of merchandise, including consumables, seasonal, home products and apparel, at everyday low prices (typically $10 or less) through convenient small-box locations.
The Simpson Thacher team included James Cross, Christian Fischer, Brian Novell and Yordanosse Yenenh (Banking & Credit); Joseph Kaufman, Nakita Cuttino and Peter Raish (Capital Markets); John Creed and David Holmberg (Tax); Andrew Blau (ERISA); and Jennie Getsin (Blue Sky).