Dollar Tree completed a new senior credit facility for $2.03 billion with JP Morgan as administrative agent.
Dollar Tree entered into the third amendment of its existing credit facility, reducing the interest rate margin. The amount of the facility is unchanged.
Dollar Tree’s lead arrangers for its new proposed senior secured credit facilities have allocated the loans to be made under its $1,000 million term loan A facility and $3,950 million term loan B facility.
Dollar Tree and Family Dollar Stores announced an agreement under which Dollar Tree will acquire Family Dollar in a cash and stock transaction. JPMorgan Chase Bank committed bridge financing for the transaction.