Dollar General Corp.'s Proposed Unsecured Debt Rated 'BB+' - S&P Global Ratings’ Credit Research

Dollar General Corp.'s Proposed Unsecured Debt Rated 'BB+'

Dollar General Corp.'s Proposed Unsecured Debt Rated 'BB+' - S&P Global Ratings’ Credit Research
Dollar General Corp.'s Proposed Unsecured Debt Rated 'BB+'
Published Apr 08, 2013
1104 words — Published Apr 08, 2013
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Abstract:

NEW YORK (Standard&Poor's) April 8, 2013--Standard&Poor's Ratings Services today assigned its 'BB+' senior unsecured debt rating to Dollar General Corp.'s proposed unsecured debt issues as follows: Senior unsecured notes due 2018 and 2023 in an aggregate amount of $1.3 billion, to be issued under shelf registration statement filed March 25, 2013. $1.85 billion unsecured credit facility due 2018 consisting of a $1.0 billion term loan and a $850 million unsecured revolving credit facility. Concurrently, we placed the 'BB+' ratings on the proposed unsecured notes, unsecured term loan, and unsecured revolving credit facility on Credit Watch with positive implications. The company will use proceeds to refinance secured debt. We expect to raise these ratings to 'BBB-' upon

  
Brief Excerpt:

RESEARCH Dollar General Corp.'s Proposed Unsecured Debt Rated '##+' Publication date: 08-Apr-2013 Primary Credit Analyst: Ana Lai, CFA, New York (1) 212-438-6895; ana_lai@standardandpoors.com Secondary Contact: Mariola Borysiak, New...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
General Merchandise Stores (25503020)
Sector
Global Issuers , Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Dollar General Corp.'s Proposed Unsecured Debt Rated 'BB+'" Apr 08, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Dollar-General-Corp-s-Proposed-Unsecured-Debt-Rated-BB-1112046>
  
APA:
S&P Global Ratings’ Credit Research. (). Dollar General Corp.'s Proposed Unsecured Debt Rated 'BB+' Apr 08, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Dollar-General-Corp-s-Proposed-Unsecured-Debt-Rated-BB-1112046>
  
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