Dollar General plans to redeem or retire some or all 10 5/8% notes

By Toni Weeks

San Diego, March 22 - Dollar General Corp. intends to redeem some or all of its 10 5/8% senior notes due 2015 at the first scheduled call date for the notes in July or later or to retire some of the notes through open-market repurchases, according to a news release.

The company said this would likely result in pretax losses of more than $40 million.

If the company does not redeem the notes, interest expense will probably exceed the company's guidance of $220 million to $230 million for 2011, and the losses will not occur.

Dollar General is a Goodlettsville, Tenn.-based discount retailer.

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