Dollar Tree secures $500 million term loan facility

Dollar Tree Inc. (NASDAQ: DLTR) entered into a $500 million term loan credit agreement on March 19, 2026, with Bank of America N.A. serving as agent alongside other institutional lenders.

The term loan facility matures on March 19, 2029, and carries an initial interest rate of Term SOFR plus 1.00%. The rate is subject to adjustment based on the company's credit ratings and leverage ratio.

The facility permits voluntary repayment without premium or penalty, except for standard breakage costs related to SOFR loans. No required amortization applies under the agreement.

The credit agreement includes various covenants that restrict Dollar Tree's ability to incur subsidiary debt, create liens, sell substantial assets, and complete certain fundamental changes, subject to specified exceptions. The facility also requires compliance with maximum leverage ratio and minimum fixed charge coverage ratio covenants.

The agreement establishes events of default that could trigger acceleration of loan repayment and termination of commitments under the facility.

Bank of America and the participating lenders provide various financial services and may continue offering commercial banking, investment banking, and advisory services to Dollar Tree for customary fees.

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