GOODLETTSVILLE, Tenn. (AP) -- Dollar General Corp. announced Wednesday that it is offering $450 million in senior notes due in 2017.
The discount retailer said it plans to use the proceeds, along with cash on hand and possible other borrowings, to redeem its outstanding senior unsubordinated notes.
Citigroup, Goldman, Sachs & Co. and KKR, are serving as joint book running managers for the offering. BofA Merrill Lynch, Barclays, J.P. Morgan, Wells Fargo Securities, Fifth Third Securities, Inc., HSBC, KeyBanc Capital Markets, and US Bancorp are co-managers.
Dollar General, based in Goodlettsville, Tenn., has more than 10,000 stores in 40 states. Its shares fell $1.43, nearly 3 percent, to $53.52 in early afternoon trading.