Dollar General Corporation Announces Pricing of $600.0 Million of Senior Notes

GOODLETTSVILLE, Tenn.--()--Dollar General Corporation (NYSE:DG) (the “Company”) today announced the pricing of an offering (the “Offering”) of $600.0 million of its 3.875% Senior Notes due 2027 (the “Notes”). The Notes will pay interest at a rate of 3.875% per annum and mature on April 15, 2027. Dollar General will pay interest on the Notes semi-annually on April 15 and October 15 of each year, commencing October 15, 2017. Issuance of the Notes is expected to occur on April 11, 2017, subject to customary closing conditions.

The Company will use the net proceeds from the sale of the Notes to repay all $500 million outstanding principal amount of its 4.125% Senior Notes due 2017 and for general corporate purposes.

Citigroup Global Markets Inc., Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are serving as joint book-running managers for the Offering. J.P. Morgan Securities, LLC, Mizuho Securities USA Inc., BBVA Securities Inc., Fifth Third Securities, Inc., PNC Capital Markets LLC, Regions Securities LLC and BB&T Capital Markets, a division of BB&T Securities, LLC are serving as senior co-managers for the Offering. BNP Paribas Securities Corp., Capital One Securities, Inc. and KeyBanc Capital Markets Inc. are serving as co-managers of the Offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Copies of the prospectus and related supplement may be obtained by contacting any of those joint book-running managers whose contact information is listed at the bottom of this announcement.

About Dollar General Corporation

Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. With 13,429 stores in 44 states as of March 3, 2017, Dollar General is among the largest discount retailers in the United States. In addition to high quality private brands, Dollar General sells products from America's most-trusted brands such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg's, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola.

Joint Book-Running Managers:
Citigroup Global Markets Inc.
Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (800) 831-9146

Goldman, Sachs & Co.
Prospectus Department
200 West Street
New York, NY 10282
Telephone: (866) 471-2526

Merrill Lynch, Pierce, Fenner & Smith Incorporated
200 North College Street, NC1-004-03-43
Charlotte, NC 28255-0001
Attention: Prospectus Department
Telephone: (800) 294-1322

U.S. Bancorp Investments, Inc.
214 North Tryon Street, 26th Floor
Charlotte, NC 28202
Attention: Debt Capital Markets
Telephone: (877) 558-2607
Wells Fargo Securities, LLC

608 2nd Avenue South, Suite 1000

Minneapolis, MN 55402

Attention: WFS Customer Service

Telephone: (800) 645-3751


Dollar General Corporation
Matt Hancock, 615-855-4811


Dollar General Corporation
Matt Hancock, 615-855-4811