Dollar Tree prepays $782 million under term loan facility

By Sarah Lizee

Olympia, Wash., Jan. 22 – Dollar Tree, Inc. prepaid the $782 million outstanding under its term loan facility on Jan. 18, according to an 8-K filing with the Securities and Exchange Commission.

The company said it accelerated about $1.5 million of amortizable non-cash deferred financing costs associated with the term loan facility to the fourth quarter ended Feb. 2.

Dollar Tree may make additional prepayments on its 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, the filing noted.

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

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