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Family Dollar Stores Sells $300M Notes

Family Dollar Stores has raised a total of $300 million in a sale of senior unsecured notes.

Family Dollar Stores has raised a total of $300 million in a sale of senior unsecured notes. The bonds, which carry a coupon rate of 5%, will mature in 2021.

The U.S. regional chain of variety stores will use the proceeds to fund its existing $750 million share and for general corporate purposes. The joint book-running managers for the sale were Morgan Stanley, Bank of America Merrill Lynch and Wells Fargo.

Click here for the release from PR Newswire.

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