SuperValu to repay term loan via distribution centers sale proceeds

By Marisa Wong

Morgantown, W.Va., April 24 – SuperValu Inc. said it will make a mandatory prepayment of its secured term loan using proceeds from a sale of its distribution centers.

The company plans to sell and lease back eight of its owned distribution centers. Net proceeds from the sale are expected to be about $445 million.

SuperValu is an Eden Prairie, Minn.-based supermarket operator and wholesale grocery distributor.

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