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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
JPMorgan Chase Closes $2.32B in Credit Facilites for Dollar Tree
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Lenders/Participants
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JPMorgan Chase Bank [Administrative Agent]
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Structure
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Senior Credit Facilities
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Amount
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$2.320
Billion
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Borrower(s)
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Dollar Tree, Inc.
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Description
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$2.32 billion in senior credit facilities, consisting of a $1.25 billion revolving credit facility, of which up to $350 million is available for letters of credit, and a $782 million term loan facility. The Company borrowed the entire $782 million Term Loan Facility on April19, 2018. The Revolving Credit Facility matures on April19, 2023, subject to extensions permitted under the Credit Agreement. The Term Loan Facility matures on April19, 2020. The loans under the Revolving Credit Facility bear interest at an initial interest rate of LIBOR plus 1.25% and the loans under the Term Loan Facility bear interest at an initial interest rate of LIBOR plus 1.00%, subject to adjustment based on (i)the Company’s credit ratings and (ii)the Company’s leverage ratio. The Company expects to pay certain commitment fees in connection with the Revolving Credit Facility. The Senior Credit Facilities allow voluntary repayment of outstanding loans at any time without premium or penalty, other than customary “breakage” costs with respect to LIBOR loans. There is no required amortization under the Senior Credit Facilities.
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Industry
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Retail
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| Related Tags |
JPMorgan Chase Bank
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ABL Advisor
Deal Tables
2025
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