Dollar General has promoted seven employees to the vice president level, including Dan Bruni as vice president of applications development, Rusty Gordon as vice president and division manager, Dana Lee as vice president of merchandise planning and allocations, Rex Martin as vice president of real estate for the west region, Kathy Reardon as vice president of talent management, Chris Snow as vice president of supply chain human resources and Jane Stutsman as vice president of risk management.

Dollar General Corporation reported audited consolidated earnings results for the full year ended February 1, 2013. For the year, net sales were $16,022,128,000 against $14,807,188,000 a year ago. Operating profit was $1,655,276,000 against $1,490,804,000 a year ago. Net income was $952,662,000 against $766,685,000 a year ago.

Dollar General Corp. announced the pricing of an offering of $400.0 million of its 1.875% Senior Notes due 2018 and $900.0 million of its 3.25% Senior Notes due 2023. The 2018 Notes will pay interest at a rate of 1.875% per annum and mature on April 15, 2018. The 2023 Notes will pay interest at a rate of 3.25% per annum and mature on April 15, 2023. Dollar General will pay interest on the Notes semi-annually on April 15 and October 15 of each year, commencing October 15. Issuance of the Notes is expected to occur on April 11, subject to customary closing conditions. The company also stated that, concurrently with and conditioned upon the issuance of the Notes, the company expects to enter into new senior unsecured credit facilities consisting of a $1.0 billion five-year term loan facility and an $850 million five-year cash-flow based revolving credit facility which is expected to be undrawn at closing. The offering of the Notes is not conditioned upon completion of the new credit facilities and related refinancing. The company noted that it will use the net proceeds from the sale of the Notes, together with term loan borrowings under its new senior unsecured credit facilities, to repay all of the outstanding borrowings under the existing senior secured credit facilities, to pay related fees and expenses and for general corporate purposes. BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., J.P. Morgan, US Bancorp and Wells Fargo Securities are serving as joint book-running managers for the offering, with Fifth Third Securities Inc., KKR and Regions Securities LLC acting as senior co-managers and BB&T Capital Markets, HSBC, KeyBanc Capital Markets, Mizuho Securities and PNC Capital Markets LLC acting as co-managers.