Dollar General plans to repurchase subordinated notes in July

By Toni Weeks

San Diego, June 4 - Dollar General Corp. said it intends to repurchase its outstanding senior subordinated notes through a refinancing at the first scheduled call date in July, according to a press release.

If the company does not repurchase the notes, interest expense will likely exceed the guidance, and the expected losses relating to those repurchases will not occur, the release stated.

Dollar General is a Goodlettsville, Tenn.-based discount retailer.

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