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Dollar General gets $1.2 billion amended and restated revolver
By Sara Rosenberg
New York, March 19 - Dollar General Corp. closed on a $1.2 billion amended and restated ABL revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission on Monday.
Wells Fargo Capital Finance LLC, Barclays Capital, Citigroup Global Markets Inc., Goldman Sachs Lending Partners LLC, HSBC Bank, J.P. Morgan Securities LLC and Bank of America Merrill Lynch acted as the joint lead arrangers and bookrunners on the deal that was completed on March 15.
Initial pricing is Libor plus 175 basis points with a 37.5 bps unused fee. The spread can range from Libor plus 150 bps to 200 bps, based on average excess daily availability.
There is a $250 million accordion feature.
Dollar General is a Goodlettsville, Tenn.-based discount retailer.
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