DLTR » Topics » Letters of Credit

This excerpt taken from the DLTR 10-K filed Apr 14, 2005.

Letters of Credit

 

In March 2001, the Company entered into a Letter of Credit Reimbursement and Security Agreement. The agreement provides $125,000 for letters of credit, which are generally issued for the routine purchase of imported merchandise. Approximately $88,941 of this agreement was committed to letters of credit at January 29, 2005.

 

The Company also has approximately $37,735 in letters of credit that serve as collateral for its high-deductible insurance programs and expire in fiscal 2005.

 

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