...NEW YORK (Standard & Poor's) Feb. 6, 2015--Standard & Poor's Ratings Services said today that its ratings on Dollar Tree Inc. are not affected by the altered capital structure for the transaction to purchase Family Dollar Stores Inc. The originally proposed $500 million term loan A is being increased to $1 billion and the originally proposed $5.2 billion term loan B is being reduced to $3.95 billion. Additionally, there will be no draw on the revolver, which remains at $1.25 billion, rather than the $240 million draw originally proposed. There will also be a second tranche of senior unsecured notes of $750 million due 2020, in addition to the originally proposed $2.5 billion senior notes due 2023. The changes are leverage-neutral and therefore do not affect our '##' corporate credit rating and stable outlook on the company. Our issue-level and recovery ratings also remain the same, with a '##+' issue-level rating on the company's senior secured credit facility and a '2' recovery rating,...
