Dollar Tree prepays $1 billion portion of $3.3 billion term loan B-1

By Angela McDaniels

Tacoma, Wash., Jan. 28 – Dollar Tree, Inc. prepaid $1 billion of its $3.3 billion senior secured term loan B-1 on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.

The company will accelerate roughly $19 million of amortizable non-cash deferred financing costs associated with the prepayment to the fiscal fourth quarter ending Jan. 30.

The company said it may make additional prepayments on the outstanding debt from time to time in the future depending on available cash balances, free cash flow generation and projected cash needs, among other factors.

Dollar Tree is a Chesapeake, Va.-based discount retailer.

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