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Dollar General to redeem 4.125% notes with proceeds from new bonds
New York, March 28 – Dollar General Corp. plans to repay its $500 million of 4.125% senior notes due July 15, 2017 with proceeds from a $600 million offering of new senior notes due 2027.
The company will pay par plus a make-whole premium calculated using a discount rate of Treasuries plus 50 basis points, according to a 424B2 filing with the Securities and Exchange Commission.
Other proceeds from the new notes will be used for general corporate purposes.
Dollar General is a Goodlettsville, Tenn., discount retailer.
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