8-KMaterial AgreementsOther EventsExhibits & Filings

DOLLAR GENERAL CORP 8-K Report, Material Agreement (Jun 11, 2012)

Filed June 11, 2012For Securities:DG

Summary

Dollar General Corporation (DG) filed an 8-K on June 11, 2012, to report on a significant secondary public offering of its common stock. The filing details an Underwriting Agreement entered into on June 5, 2012, for the sale of 30,000,000 shares of common stock by certain selling shareholders, including Buck Holdings, L.P., at a price of $46.75 per share. The offering was underwritten by a syndicate of major financial institutions, including Citigroup Global Markets Inc., Goldman, Sachs & Co., KKR Capital Markets LLC, Barclays Capital Inc., and J.P. Morgan Securities LLC. Furthermore, the Underwriters exercised an option to purchase an additional 4,500,000 shares from Buck Holdings, bringing the total shares sold to 34,500,000. This secondary offering, completed on June 11, 2012, was conducted under an existing registration statement. The filing also notes the customary representations, warranties, and covenants within the Underwriting Agreement, as well as the involvement of entities related to significant shareholders as underwriters.

Key Highlights

  • 1Dollar General Corporation completed a secondary public offering of 34,500,000 shares of common stock.
  • 2The offering was conducted by selling shareholders, primarily Buck Holdings, L.P.
  • 3The public offering price was set at $46.75 per share.
  • 4The offering was underwritten by a syndicate of prominent investment banks.
  • 5An option for an additional 4,500,000 shares was exercised by the underwriters.
  • 6The transaction was facilitated through an existing registration statement and prospectus.
  • 7The Underwriting Agreement contained standard terms, conditions, indemnification, and covenants.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report the entry into a material definitive agreement related to a secondary public offering of Dollar General Corporation's common stock by its selling shareholders.

The shares were sold by certain selling shareholders, with Buck Holdings, L.P. being a significant seller. The filing indicates that entities related to significant shareholders were also involved as underwriters.

A total of 30,000,000 shares were initially offered, and the underwriters exercised an option to purchase an additional 4,500,000 shares, bringing the total to 34,500,000 shares. The public offering price was $46.75 per share.

No, this was a secondary offering, meaning the shares were sold by existing shareholders (selling shareholders), not by Dollar General Corporation itself. The company facilitated the offering through its registration statement.