Dollar General Debt to Soar in Buyout

Dollar General plans to raise $1.9 billion in a series of debt offerings that will finance its pending takeover by Kohlberg Kravis Roberts.

GOODLETTSVILLE, Tenn. — Dollar General plans to raise $1.9 billion in a series of debt offerings that will finance its pending takeover by Kohlberg Kravis Roberts. The retailer here said it would have approximately $5.4 billion in debt at the time of the merger. The debt will consist of notes offered in a three-part sale next week including $625 million in senior cash-pay notes and $725 million in senior pay-in-kind toggle notes that have interest payable in cash or in additional notes. The c

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