Dollar General Corporation (NYSE:DG) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Underwriting Agreement
On March26, 2018, Dollar General Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Goldman Sachs& Co. LLC, Merrill Lynch, Pierce, Fenner& Smith Incorporated and Wells Fargo Securities, LLC as representatives of the several underwriters named therein (the “Underwriters”) with respect to the Company’s issuance and sale of $500,000,000 aggregate principal amount of its 4.125% Senior Notes due 2028 (the “Notes”). Settlement for the offering of the Notes is expected to occur on April10, 2018. The net proceeds from the offering of the Notes will be used to repay all outstanding $400,000,000 aggregate principal amount of the Company’s 1.875% senior notes due 2018 (the “1.875% Notes”), including accrued interest, fees and expenses associated with the repayment of the 1.875% Notes, to reduce any of its outstanding commercial paper notes (excluding certain commercial paper held by one of its wholly-owned subsidiaries) and, to the extent of any remaining proceeds, for general corporate purposes. The Company intends to repay the 1.875% Notes on their scheduled maturity date, which is April 15, 2018.
The sale of the Notes is being made to the Company’s Registration Statement on FormS-3 (Registration No.333-216940) (the “Registration Statement”), including a preliminary prospectus supplement dated March26, 2018 (the “Prospectus Supplement”) to the prospectus contained therein dated March24, 2017 (the “Base Prospectus”), filed by the Company with the Securities and Exchange Commission (the “Commission”), to Rule424(b)(2)under the Securities Act of 1933, as amended (the “Securities Act”), and a free writing prospectus dated March26, 2018 (the “Free Writing Prospectus”), filed by the Company with the Commission, to Rule433 under the Securities Act.
The Underwriting Agreement contains customary representations, warranties and covenants and includes the terms and conditions for the sale of the Notes, indemnification and contribution obligations and other terms and conditions customary in agreements of this type.
Certain of the Underwriters and their respective affiliates have, from time to time, performed, and may in the future perform, various financial advisory, investment banking, commercial banking and other services for the Company for which they received or will receive customary fees and expenses. The Underwriters and their respective affiliates may also, from time to time, enter into arm’s-length transactions with the Company in the ordinary course of their business. In addition, affiliates of the underwriters are lenders under the Company’s credit facilities. Merrill Lynch, Pierce, Fenner& Smith Incorporated and affiliates of Goldman Sachs& Co. LLC, Wells Fargo Securities, LLC and U.S. Bancorp Investments,Inc. are joint lead arrangers and bookrunners, and an affiliate of Citigroup Global Markets Inc. is the administrative agent and a joint lead arranger and bookrunner. Affiliates of Wells Fargo Securities, LLC, U.S. Bancorp Investments,Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, BBVA Securities Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, Fifth Third Securities,Inc., PNC Capital Markets LLC and Regions Securities LLC are also co-documentation agents under the Company’s credit facilities. Further, U.S. Bank National Association, an affiliate of U.S. Bancorp Investments,Inc., serves as trustee under the indenture governing the 1.875% Notes and will serve as trustee under the indenture under which the Notes offered hereby will be issued.
The above description of the Underwriting Agreement is qualified in its entirety by reference to the Underwriting Agreement, which is filed as Exhibit1.1 to this Current Report on Form8-K and is incorporated herein by reference.
Item 1.01. OTHER EVENTS.
In connection with the offering by the Company of the Notes, as described in response to Item 1.01 of this Current Report on Form8-K, the following exhibits are filed herewith in order to be incorporated by reference into the Registration Statement, the Base Prospectus and/or the Prospectus Supplement: (i)the Underwriting Agreement (Exhibit1.1 hereto) and (ii)certain information relating to PartII,Item 14 “Other Expenses of Issuance and Distribution” of the Registration Statement (Exhibit99.1 hereto).
Item 1.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d)Exhibits. See ExhibitIndex to this report.