Dollar Tree’s $1.2 Billion Senior Notes Offering

Wachtell, Lipton, Rosen & Katz represented Dollar Tree in the transaction, while Cahill represented the underwriters.

Dollar Tree, Inc. (NASDAQ: DLTR) priced a public offering of $1.2 billion of its senior notes, consisting of $800 million aggregate principal amount of its 2.650% Senior Notes due 2031 and $400 million aggregate principal amount of its 3.375% Senior Notes due 2051.

Dollar Tree expects to use the proceeds of the offering to redeem its outstanding 3.700% Senior Notes due 2023, with any remaining amounts to be used for general corporate purposes, which may include repurchases of Dollar Tree’s common stock. The offering closed on December 1, 2021.

BofA Securities, Inc., J.P. Morgan Securities LLC, Fifth Third Securities, Inc., RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc., PNC Capital Markets LLC, Regions Securities LLC, Truist Securities, Inc., Wells Fargo Securities, LLC, Citizens Capital Markets, Inc., HSBC Securities (USA) Inc., Huntington Securities, Inc., and TD Securities (USA) LLC.

Dollar Tree, a Fortune 200 Company, operated more than 15,900 retail discount stores in 48 states and five Canadian provinces as of October 30, 2021. Stores operate under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada.

Wachtell Lipton’s team was led by partner Eric M. Rosof (Picture) and counsel Kathryn Gettles-Atwa and included Trevor S. Norwitz, Partner, Brandon C. Price, Partner, Ishpuneet K. Chhabra, Associate, Charles C. See, Law Clerk (Corporate), Eric M. Rosof, Partner, Joel M. Simwinga, Law Clerk (Finance), T. Eiko Stange, Partner, and Olivia R. Coates, Law Clerk (Tax).

Cahill’s team included Christopher W. Clement, Corey Wright, Stephen Aspromonte, Paula Azulay, Michael A. Chaia, Joshua D. Goldberg, Euvin Kahng, Alexandra L. McIntire, and Nikolas Rodriguez.

Involved fees earner: Paula Azulay – Cahill Gordon & Reindel; Michael Chaia – Cahill Gordon & Reindel; Christopher Clement – Cahill Gordon & Reindel; Joshua Goldberg – Cahill Gordon & Reindel; Alexandra McIntire – Cahill Gordon & Reindel; Nikolas Rodriguez – Cahill Gordon & Reindel; Corey Wright – Cahill Gordon & Reindel; Ishpuneet Chhabra – Wachtell, Lipton, Rosen & Katz; Kathryn Gettles-Atwa – Wachtell, Lipton, Rosen & Katz; Trevor Norwitz – Wachtell, Lipton, Rosen & Katz; Brandon Price – Wachtell, Lipton, Rosen & Katz; Eric Rosof – Wachtell, Lipton, Rosen & Katz; Eiko Stange – Wachtell, Lipton, Rosen & Katz;

Law Firms: Cahill Gordon & Reindel; Wachtell, Lipton, Rosen & Katz;

Clients: Bank of America Securities; Citizens Capital Markets; Dollar Tree, Inc.; Fifth Third Securities, Inc.; HSBC Securities; Huntington Securities Inc; J.P. Morgan Securities LLC; PNC Capital Markets LLC; RBC Capital Markets; Regions Securities LLC; TD Securities; Truist Securities Inc. ; U.S. Bancorp Investments; Wells Fargo Securities;