Dollar Tree makes $500 million partial prepayment on term loan A-1

By Marisa Wong

Morgantown, W.Va., Aug. 2 – Dollar Tree, Inc. prepaid $500 million of the $2.2 billion remaining outstanding under its term loan A-1 on July 27, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company accelerated about $1.2 million of amortizable non-cash deferred financing costs associated with the term loan A-1 to the second quarter ended July 29.

In the future the company may make additional prepayments on its outstanding debt from time to time depending on available cash balances, free cash flow generation and projected cash needs among other factors, the filing noted.

The discount retailer is based in Chesapeake, Va.

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