Dollar General Corporation’s $1.5 Billion Senior Notes Offering

Simpson Thacher represented Dollar General Corporation in the offering.

Dollar General Corporation completed its registered public offering of $1 billion aggregate principal amount of 3.5% Senior Notes due 2030 and $500 million aggregate principal amount of 4.125% Senior Notes due 2050.

Dollar General used the net proceeds from the offering for general corporate purposes, which may include repayment of indebtedness.

Dollar General is among the largest discount retailers in the United States by number of stores, with over 16,300 stores located in 45 states. Dollar General offers a broad selection of merchandise, including consumables, seasonal items, home products and apparel, at everyday low prices in convenient neighborhood locations.

The Simpson Thacher team included Joseph Kaufman (Picture), Ben Massey and Joshua Harris (Capital Markets); Nancy Mehlman and Eli Shalam (Tax); and David Rubinsky and Patricia Adams (ERISA).

Involved fees earner: Patricia Adams – Simpson Thacher & Bartlett; Joshua Harris – Simpson Thacher & Bartlett; Joseph Kaufman – Simpson Thacher & Bartlett; Ben Massey – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Eli Shalam – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Dollar General Corporation;

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Author: Ambrogio Visconti