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LONG-TERM DEBT
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9 Months Ended |
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Oct. 27, 2012
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| LONG-TERM DEBT [Abstract] | |
| LONG-TERM DEBT [Text Block] |
2. LONG-TERM DEBT
On June 6, 2012, the Company, through its wholly-owned subsidiary Dollar Tree Stores, Inc., entered into a five-year $750.0 million Unsecured Credit Agreement (the Unsecured Credit Agreement or the Agreement) with Wells Fargo Bank, N.A., as administrative agent and the lenders party thereto. The Agreement provides for a $750.0 million revolving line of credit, including up to $150.0 million in available letters of credit. The interest rate on the facility will be based, at the Company’s option, on a LIBOR rate, plus a margin, or an alternate base rate, plus a margin. The revolving line of credit bears a facilities fee, calculated as a percentage, as defined, of the total amount of the line of credit, payable quarterly. The Agreement also bears an administrative fee payable annually. The Agreement, among other things, requires the maintenance of certain specified financial ratios, restricts the payment of certain distributions and prohibits the incurrence of certain new indebtedness. The Company’s February 2008, $550.0 million Credit Agreement was terminated concurrent with entering into this Agreement. As of October 27, 2012, $250.0 million was outstanding under this Agreement.
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