Grocery Outlet unit repays $150 million second-lien credit agreement

By Wendy Van Sickle

Columbus, Ohio, June 28 – Grocery Outlet Inc.’s GOBP Holdings, Inc. subsidiary repaid the $150 million of outstanding loans under its second-lien credit agreement dated Oct. 22, 2018, according to an 8-K filing with the Securities and Exchange Commission.

The company also paid unpaid interest of $3.6 million on and terminated the credit agreement on June 24.

Morgan Stanley Senior Funding, Inc. was the administrative agent.

Grocery Outlet is an Emeryville, Calif.-based grocery store operator.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.