Dollar General Corporation Announces Pricing of $500 Million of Senior Notes

GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--Dollar General Corporation (NYSE:DG) (the “Company”) today announced the pricing of an offering (the “Offering”) of $500 million of its 4.125% Senior Notes due 2028 (the “Notes”). The Notes will pay interest at a rate of 4.125% per annum and mature on May 1, 2028. Dollar General will pay interest on the Notes semi-annually on May 1 and November 1 of each year, commencing November 1, 2018. Issuance of the Notes is expected to occur on April 10, 2018, subject to the satisfaction of customary closing conditions.

The Company will use the net proceeds from the sale of the Notes to repay all $400 million outstanding principal amount of its 1.875% Senior Notes due 2018, to reduce any of its outstanding commercial paper notes (excluding certain commercial paper held by one of its wholly-owned subsidiaries) and, to the extent of any remaining proceeds, for general corporate purposes.

Goldman Sachs & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, Citigroup Global Markets Inc. and U.S. Bancorp Investments, Inc. are serving as joint book-running managers for the Offering. J.P. Morgan Securities LLC, Mizuho Securities USA LLC, BBVA Securities Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, Fifth Third Securities, Inc., PNC Capital Markets LLC and Regions Securities LLC are serving as senior co-managers for the Offering. BNP Paribas Securities Corp. and KeyBanc Capital Markets Inc. are serving as co-managers for 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 everyday low prices in convenient neighborhood locations. Dollar General operated 14,609 stores in 44 states as of March 2, 2018. In addition to high quality private brands, Dollar General sells products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.

Joint Book-Running Managers:

Goldman Sachs & Co. LLC
Prospectus Department
200 West Street
New York, NY 10282
Telephone: [phone]
[e-mail]

Merrill Lynch, Pierce, Fenner & Smith Incorporated
200 North College Street
NC1-004-03-43
Charlotte, NC 28255-0001
Attn: Prospectus Department
Toll-free: 1-800-294-1322
E-mail: [e-mail]

Wells Fargo Securities, LLC
608 2^nd Avenue South, Suite 1000
Minneapolis, MN 55402
Attention: WFS Customer Service
Telephone: [phone]
[e-mail]

Citigroup Global Markets Inc.
Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: [phone]
[e-mail]

U.S. Bancorp Investments, Inc.
214 North Tryon Street, 26^th Floor
Charlotte, NC 28202
Attention: Debt Capital Markets
Telephone: [phone]