Dollar Tree prepays all $748.1 million outstanding under term loan B-3

By Wendy Van Sickle

Columbus, Ohio, Jan. 20 – Dollar Tree Inc. prepaid the $748.1 million remaining outstanding under its senior secured term loan B-3 on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The company will accelerate about $11.9 million of amortizable non-cash deferred financing costs associated with the term loan B-3 to the fourth quarter ending Jan. 28.

Dollar Tree said it may make additional future prepayments on outstanding debt from time to time, depending on available cash balances, free cash flow generation, projected cash needs and other factors.

The discount retailer Dollar Tree is based in Chesapeake, Va.

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