Dollar Tree Raises $1.2B Via Debt Offering

Dollar Tree Inc DLTR has priced a public offering of $1.2 billion of its senior notes, consisting of $800 million of its 2.650% Senior Notes due 2031 and $400 million of its 3.375% Senior Notes due 2051.
The 2031 Notes and the 2051 Notes will bear interest at a rate of 2.650% and 3.375% per annum, respectively.
Dollar Tree expects to use the offering proceeds to redeem its outstanding 3.700% Senior Notes due 2023.
The offering is expected to close on December 1, 2021, subject to customary closing conditions.
BofA Securities, Inc. and J.P. Morgan Securities LLC are serving as joint book-running managers for the offering.
Price Action: DLTR shares are trading lower by 3.04% at $137.05 in premarket on the last check Tuesday.