Simpson Thacher recently represented Dollar General Corporation (“Dollar General”) in connection with its public offering of $400 million aggregate principal amount of 1.875% senior notes due 2018 and $900 million aggregate principal amount of 3.250% senior notes due 2023. The Firm also represented Dollar General in connection with entering into new senior unsecured credit facilities consisting of a $1 billion term loan facility and an $850 million revolving credit facility.
Dollar General used the net proceeds from the sale of the notes, together with borrowings under its new credit facilities, to repay all of the outstanding borrowings under its existing senior secured credit facilities and for general corporate purposes.
Dollar General is the largest discount retailer in the United States by number of stores, with 10,557 stores located in 40 states, offering a broad selection of merchandise, including consumables, seasonal, home products and apparel.
The Simpson Thacher team included James Cross, Christian Fischer and Amy Ward
(Banking and Credit), Joe Kaufman and Jo Djekovic (Capital Markets), Jonathan
Cantor and Jodi Sackel (Tax), Patricia Adams (Executive Compensation and
Employee Benefits), Jodi Pimentel (IP), Mardi Merjian (Real Estate), Jordan
Taylor (Derivatives), Jennie Getsin (FINRA) and Jonathan Pall (UCC).