Dollar General Corp. priced an offering of $1 billion of its 3.500% senior notes due April 3, 2030, and $500 million of its 4.125% senior notes due April 3, 2050.
The discount retailer will pay interest semiannually April 3 and Oct. 3 each year, starting Oct. 3, 2020. The notes are expected to be issued April 3.
The company will use the net proceeds for general corporate purposes, which may include debt repayment.
BofA Securities Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC are serving as joint book-running managers. Wells Fargo Securities LLC, U.S. Bancorp Investments Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC are serving as senior co-managers. BBVA Securities Inc., BB&T Capital Markets, Fifth Third Securities Inc., PNC Capital Markets LLC, Regions Securities LLC, BNP Paribas Securities Corp., KeyBanc Capital Markets Inc. and Capital One N.A. are serving as co-managers for the offering.