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Dollar General (DG) just unveiled an announcement.
Dollar General Corporation has revamped its financial strategy by securing a new $2.375 billion unsecured revolving credit facility, managed by notable financial players including Citibank and Bank of America. This flexible financial instrument offers various credit options, like a substantial letter of credit subfacility and swingline loans, with the potential to request an additional $500 million or extend the termination date subject to conditions. Interest rates are competitive and tied to the company’s credit ratings, with provisions for voluntary repayments. The agreement also incorporates a range of covenants guiding the company’s financial maneuvers, ensuring a strategic balance between growth opportunities and fiscal discipline.
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