Dollar General Enters New Agreement, Terminates Another

TL;DR

DG just signed a new deal and ditched an old one, creating new financial obligations.

AI Summary

On September 3, 2024, Dollar General Corporation (DG) entered into a material definitive agreement and simultaneously terminated another. The company also created a direct financial obligation. Specific details regarding the nature of these agreements, the counterparty, and the financial implications were not disclosed in this filing.

Why It Matters

This filing indicates significant changes in Dollar General's contractual relationships, which could impact its financial obligations and operational strategies.

Risk Assessment

Risk Level: medium — The filing indicates new financial obligations and termination of existing agreements, which could introduce financial or operational risks.

Key Players & Entities

• DOLLAR GENERAL CORP (company) — Registrant
• September 3, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.875 — ch registered Common Stock, par value $0.875 per share DG New York Stock Exchange
• $2.375 billion — he 2024 Credit Agreement provides for a $2.375 billion unsecured five-year revolving credit fa
• $100 m — facility for letters of credit of up to $100 million, of which $70 million is currentl
• $70 million — credit of up to $100 million, of which $70 million is currently committed and $30 million
• $30 million — $70 million is currently committed and $30 million is uncommitted. The Revolving Facility
• $50 million — lity with a borrowing capacity of up to $50 million available for short-term borrowings ref
• $500.0 million — itments in an aggregate amount of up to $500.0 million. The Company also has the right, subjec

Filing Documents

• tm2423136d1_8k.htm (8-K) — 36KB
• tm2423136d1_ex4-1.htm (EX-4.1) — 657KB
• 0001104659-24-096418.txt ( ) — 997KB
• dg-20240903.xsd (EX-101.SCH) — 3KB
• dg-20240903_lab.xml (EX-101.LAB) — 33KB
• dg-20240903_pre.xml (EX-101.PRE) — 22KB
• tm2423136d1_8k_htm.xml (XML) — 3KB

01

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On September 3, 2024, Dollar General Corporation (the "Company") entered into an unsecured amended and restated credit agreement (the "2024 Credit Agreement") with the initial lenders named therein, Citibank, N.A. as administrative agent, Bank of America, N.A. as syndication agent, Citibank, N.A., BofA Securities, Inc., Goldman Sachs Bank USA, U.S. Bank National Association and Wells Fargo Securities, LLC as joint lead arrangers and joint bookrunners, and Fifth Third Bank, National Association, Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A., PNC Bank, National Association, Regions Bank, The Huntington National Bank, Truist Bank, U.S. Bank National Association, and Wells Fargo Bank, National Association as co-documentation agents. The 2024 Credit Agreement provides for a $2.375 billion unsecured five-year revolving credit facility (the "Revolving Facility") which allows for a subfacility for letters of credit of up to $100 million, of which $70 million is currently committed and $30 million is uncommitted. The Revolving Facility also includes a subfacility with a borrowing capacity of up to $50 million available for short-term borrowings referred to as swingline loans. The 2024 Credit Agreement provides that the Company has the right at any time to request increased revolving commitments in an aggregate amount of up to $500.0 million. The Company also has the right, subject to certain limitations and conditions, to request extensions of the termination date. The lenders under the 2024 Credit Agreement will not be under any obligation to provide any such increased revolving commitments or extensions, and any such addition of or increase in commitments or extensions of the termination date will be subject to certain customary conditions precedent. Borrowings under the Revolving Facility bear interest at a rate equal to an applicable interest rate margin plus, at the Company's option, either (a) Adjusted Ter

02

ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT. On September 3, 2024, all outstanding commitments under that certain Amended and Restated Credit Agreement, dated as of December 2, 2021, by and among the Company, as borrower, Citibank, N.A., as administrative agent, and the other credit parties and lenders party thereto, as amended by Amendment No. 1 dated January 31, 2023 and Amendment No. 2 dated February 13, 2024 (collectively, the "2021 Credit Agreement") (as previously disclosed by the Company on its Current Reports on Form 8-K dated December 2, 2021, January 31, 2023 and February 13, 2024, filed with the Securities and Exchange Commission on December 3, 2021, February 1, 2023 and February 14, 2024, respectively), were terminated and replaced by the commitments under the 2024 Credit Agreement as described in Item 1.01 above. Certain lenders under the 2021 Credit Agreement and their affiliates have, from time to time, provided investment banking, commercial banking, advisory and other services to the Company and/or its affiliates for which they have received customary fees and commissions and such lenders and their affiliates may provide these services from time to time in the future.

03

ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT. The information provided in Item 1.01 of this report is incorporated by reference into this Item 2.03.

FINANCIAL STATEMENTS AND EXHIBITS

FINANCIAL STATEMENTS AND EXHIBITS. (a)

Financial statements of businesses acquired. N/A

Financial statements of businesses acquired. N/A (b) Pro forma financial information. N/A (c) Shell company transactions. N/A (d) Exhibits. See Exhibit Index to this report. EXHIBIT INDEX Exhibit No. Description 4.1 Amended and Restated Credit Agreement, dated as of September 3, 2024, among Dollar General Corporation, as borrower, Citibank N.A., as administrative agent, and the other credit parties and lenders party thereto 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 3, 2024 DOLLAR GENERAL CORPORATION By: /s/ Kelly M. Dilts Kelly M. Dilts Executive Vice President and Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR