Dollar General Corporation Announces Pricing of $500.0 Million of Senior Notes

GOODLETTSVILLE, Tenn. (BUSINESS WIRE), October 15, 2015 - Dollar General Corporation (NYSE:DG) (the “Company”) today announced the pricing of an offering of $500.0 million of its 4.150% Senior Notes due 2025 (the “Notes”). The Notes will pay interest at a rate of 4.150% per annum and mature on November 1, 2025. Dollar General will pay interest on the Notes semi-annually on May 1 and November 1 of each year, commencing May 1, 2016. Issuance of the Notes is expected to occur on October 20, 2015, subject to customary closing conditions.

Concurrently with the issuance of the Notes, the Company expects to refinance its existing credit facilities with new senior unsecured credit facilities consisting of a $425.0 million five-year term loan facility and a $1.0 billion five-year cash-flow based revolving credit facility. The offering of the Notes is not conditioned upon completion of the new credit facilities and related refinancing.

The Company will use the net proceeds from the sale of the Notes, together with term loan borrowings and revolving loan borrowings under its new senior unsecured credit facilities, to repay all of the outstanding borrowings under the existing senior unsecured credit facilities 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. BBVA Securities Inc., Fifth Third Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc., PNC Capital Markets LLC and Regions Securities LLC are serving as senior co-managers for the offering. BB&T Capital Markets, a division of BB&T Securities, LLC, Capital One Securities, Inc. and Keybanc Capital 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 more than 75 years. Dollar General helps shoppers Save time. Save money. Every day!(R) by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, clothing for the family, house wares and seasonal items at low everyday prices in convenient neighborhood locations. Dollar General operates 12,198 stores in 43 states as of July 31, 2015. 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:
Citigroup Global Markets Inc.
Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (800) 831-9146
Goldman, Sachs & Co.
Prospectus Department
100 Burma Road
Jersey City, NJ 07305
Telephone: (201) 793-5170
Merrill Lynch, Pierce, Fenner & Smith Incorporated

222 Broadway, 11th Floor

New York, NY 10038
Attention: Prospectus Department
Telephone: (800) 294-1322