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Dollar General prices $500M senior notes offering

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Dollar General prices $500M senior notes offering

Dollar General Corp. on March 26 priced an offering of $500 million aggregate principal amount of its 10-year 4.125% senior notes, according to a news release.

The notes will mature May 1, 2028. The discount retailer will pay interest semiannually May 1 and Nov. 1 each year, starting Nov. 1, 2018.

Dollar General expects to issue the notes April 10, contingent on customary closing conditions.

The retailer will use the net proceeds to pay back all $400 million outstanding principal amount of its 1.875% senior notes due 2018 and for general corporate purposes, the release added.