Dollar Tree 2012 Annual Report Download - page 21

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Management’s Discussion & Analysis of
Financial Condition and Results of Operations
prohibits the incurrence of certain new indebtedness.
OurFebruary2008,$550.0millionCreditAgreement
was terminated concurrent with entering into this
Agreement.AsofFebruary2,2013,$250.0million
wasoutstandingunderthe$750.0millionrevolving
line of credit.
Werepurchased8.1millionsharesfor$340.2
millioninscal2012.Werepurchased8.7millionshares
for$645.9millioninscal2011.Werepurchased9.3
millionsharesfor$414.7millioninscal2010.At
February2,2013,wehave$859.8millionremaining
underBoardauthorization.
InJune2012,weenteredintoave-year$750.0
millionunsecuredCreditAgreement(theAgreement).
eAgreementprovidesfora$750.0millionrevolving
lineofcredit,includingupto$150.0millioninavailable
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
bearsafacilitiesfee,calculatedasapercentage,asdened,
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,
requiresthemaintenanceofcertainspeciednancial
ratios, restricts the payment of certain distributions and
2012AnnualReport19