Deals
Dollar Tree Obtains $9.5 Billion Debt Commitment for Deal
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Dollar Tree Inc., the discount variety store, obtained a debt commitment of $9.5 billion to finance the planned acquisition of Family Dollar Stores Inc.
The retailer expects to use $5.4 billion of term loans, $2.8 billion of senior unsecured notes, a $1.25 billion revolver, and $569 million of cash on hand to fund the deal, according to an investor presentation today. JPMorgan Chase & Co. is providing financing for the transaction.