Dollar Tree 2011 Annual Report Download - page 22

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maintenance of certain specified financial ratios, restricts
the payment of certain distributions and prohibits the
incurrence of certain new indebtedness. As of January 28,
2012, the $250.0 million term loan is outstanding under
the Agreement and there were no amounts outstanding
under the $300.0 million revolving line of credit.
We repurchased 8.7 million shares for $645.9
million in fiscal 2011. We repurchased 9.3 million shares
for $414.7 million in fiscal 2010. We repurchased 6.4
million shares for $193.1 million in fiscal 2009. At
January 28, 2012, we have $1.2 billion remaining under
Board authorization.
e Agreement provides for a $300.0 million revolving
line of credit, including up to $150.0 million in available
letters of credit, and a $250.0 million term loan.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 revolving line of credit also bears
a facilities fee, calculated as a percentage, as defined, of
the amount available under the line of credit, payable
quarterly. e term loan is due and payable in full at the
five year maturity date of the Agreement. e Agreement
also bears an administrative fee payable annually.
e Agreement, among other things, requires the
20 Dollar Tree, Inc.