Dollar Tree 2012 Annual Report Download - page 21
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Please find page 21 of the 2012 Dollar Tree annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Management’s Discussion & Analysis of
Financial Condition and Results of Operations
prohibits the incurrence of certain new indebtedness.
OurFebruary2008,$550.0millionCreditAgreement
was terminated concurrent with entering into this
Agreement.AsofFebruary2,2013,$250.0million
wasoutstandingunderthe$750.0millionrevolving
line of credit.
Werepurchased8.1millionsharesfor$340.2
millioninscal2012.Werepurchased8.7millionshares
for$645.9millioninscal2011.Werepurchased9.3
millionsharesfor$414.7millioninscal2010.At
February2,2013,wehave$859.8millionremaining
underBoardauthorization.
InJune2012,weenteredintoave-year$750.0
millionunsecuredCreditAgreement(theAgreement).
eAgreementprovidesfora$750.0millionrevolving
lineofcredit,includingupto$150.0millioninavailable
letters of credit. e interest rate on the Agreement is
based, at our option, on a LIBOR rate, plus a margin, or
an alternate base rate, plus a margin. e Agreement also
bearsafacilitiesfee,calculatedasapercentage,asdened,
of the amount available under the line of credit, payable
quarterly. e Agreement also bears an administrative fee
payable annually. e Agreement, among other things,
requiresthemaintenanceofcertainspeciednancial
ratios, restricts the payment of certain distributions and
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