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Dollar Tree (DLTR) Secures $500 Million Term Loan Credit Facilit
Dollar Tree, Inc. (DLTR) has secured a new $500 million term loan credit facility with Bank of America, N.A. and other financial institutions. This agreement, maturing in March 2029, replaces an expiring revolving credit agreement and aims to enhance the company’s financial flexibility for long-term growth. The facility includes covenants to maintain financial health and operational stability, bearing interest at Term SOFR Rate plus 1.00%, adjustable based on credit ratings and leverage ratio.