Benzinga | Nov 30, 2021 04:43PM EST

Dollar Tree Raises $1.2B Via Debt Offering

* Dollar Tree Inc (NASDAQ: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.