Dollar Tree’s $1.5 Billion Unsecured Revolving Credit Facility

Wachtell, Lipton, Rosen & Katz represented Dollar Tree in the transaction, while Cahill represented the lead arrangers.

Dollar Tree, Inc. (NASDAQ: DLTR) entered into a new credit agreement with certain lenders and JPMorgan Chase Bank, N.A., as agent, providing for a $1.5 billion unsecured revolving credit facility. 

JPMorgan Chase Bank, N.A., BofA Securities, Inc., Fifth Third Bank, RBC Capital Markets, U.S. Bank National Association and Wells Fargo Securities, LLC acted as joint bookrunner and joint lead arranger and PNC Capital Markets LLC, Regions Bank and Truist Securities, Inc. acted as joint lead arranger.

Dollar Tree, a Fortune 200 Company, operated more than 15,900 retail discount stores in 48 states and five Canadian provinces as of October 30, 2021. Stores operate under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada.

The Wachtell Lipton’s team was led by Eric M. Rosof (Picture) and included Joel M. Simwinga, Law Clerk (Finance), Trevor S. Norwitz, Partner, Brandon C. Price, Partner, Kathryn Gettles-Atwa, Counsel, Ishpuneet K. Chhabra, Associate, Charles C. See, Law Clerk (Corporate), T. Eiko Stange, Partner, and Olivia R. Coates, Law Clerk (Tax).

The Cahill team included Christopher W. Clement, Corey Wright, Stephen Aspromonte, Paula Azulay, Michael A. Chaia, Joshua D. Goldberg, Euvin Kahng, Alexandra L. McIntire, and Nikolas Rodriguez.

Involved fees earner: Paula Azulay – Cahill Gordon & Reindel; Michael Chaia – Cahill Gordon & Reindel; Christopher Clement – Cahill Gordon & Reindel; Joshua Goldberg – Cahill Gordon & Reindel; Alexandra McIntire – Cahill Gordon & Reindel; Nikolas Rodriguez – Cahill Gordon & Reindel; Corey Wright – Cahill Gordon & Reindel; Ishpuneet Chhabra – Wachtell, Lipton, Rosen & Katz; Kathryn Gettles-Atwa – Wachtell, Lipton, Rosen & Katz; Trevor Norwitz – Wachtell, Lipton, Rosen & Katz; Brandon Price – Wachtell, Lipton, Rosen & Katz; Eric Rosof – Wachtell, Lipton, Rosen & Katz; Eiko Stange – Wachtell, Lipton, Rosen & Katz;

Law Firms: Cahill Gordon & Reindel; Wachtell, Lipton, Rosen & Katz;

Clients: Bank of America Securities; Dollar Tree, Inc.; Fifth Third Bank; JP Morgan Chase & Co.; PNC Capital Markets LLC; RBC Capital Markets; Regions Bank; Truist Securities Inc. ; U.S. Bank National Association; Wells Fargo Securities;