No. of Recommendations: 7
"Because I stopped there, so I didn't get to - in the case of DG - look at that debt level and maturity... I changed my mind while I was writing that to not be lazy, and looked in
https://investor.dollargeneral.com/download/compan... and page 119 worries me a bit with near term debt maturity ($1.5B in <1 yr?), their current rating, and cost of refinancing."
That near term debt was now refinanced on the below terms:
"Dollar General Corporation (NYSE:DG) has priced $500M of 5.200% senior notes due July 5, 2028 and $1B of 5.450% senior notes due July 5, 2033."
seekingalpha.com - Dollar general raises 15b through two series of senior notes offeringSeems pretty routine to me, though Mr. Market is still sour, with a low under 154 this morning.
I've started a decent sized position.
