Discount variety store chain Dollar Tree Inc. said Aug. 2 in a regulatory filing that it prepaid $500 million of its outstanding term A-1 loan worth $2.2 billion.

The company also accelerated about $1.2 million of amortizable, noncash, deferred financing costs linked to the term A-1 loan to the second quarter ended July 29.

Dollar Tree added that it may make further prepayments on its outstanding debt from time to time in the future, based on available cash balances, free cash flow generation and projected cash needs, among other factors.