Family Dollar repays, terminates four-, five-year credit agreements

By Marisa Wong

Madison, Wis., July 6 – Family Dollar Stores, Inc. repaid in full the outstanding amounts under its amended and restated four-year credit agreement and amended and restated five-year credit agreement, both dated Nov. 13, 2013 with Wells Fargo Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The company repaid and terminated the facilities on July 6 in connection with its merger.

In addition, Family Dollar repaid in full its outstanding $169 million of 5.41% series 2005-A senior notes, tranche A, due Sept. 27, 2015 and $16.2 million of 5.24% series 2005-A senior notes, tranche B, due Sept. 27, 2015 issued under a note purchase agreement dated Sept. 27, 2005 plus accrued interest and a make-whole premium of about $2 million.

Family Dollar is a Matthews, N.C.-based chain of discount stores.

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