Dollar General becomes latest to revamp LBO debt

(Reuters) - NEW YORK, June 28 - Dollar General Corp. restructured a debt sale to finance its leveraged buyout on Thursday, as high-yield debt investors continued to push back at what they view as terms that favor issuers.



Certain LBO financing deals in the pipeline are also likely to meet resistance, but with higher prices and with modifications to covenants and structures the deals are still likely to attract demand, analysts said.


Read more at Reuters.com Bonds News

Dollar General says shareholders approve KKR deal

(Reuters) - NEW YORK, June 21 - Dollar General Corp. said on Thursday that its shareholders had approved the discount retailer's sale to private equity group Kohlberg Kravis Roberts & Co. [KKR.UL]



Chairman and Chief Executive David Perdue expects to resign upon completion of the deal, the company said, and KKR expects to name current President and Chief Operating Officer David Bere as interim CEO while it looks for a replacement.


Read more at Reuters.com Mergers News