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Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Parana > News item
Published on 6/14/2021 in the Prospect News Bank Loan Daily.

Ingles Markets to pay down line of credit balance with notes’ proceeds

By Rebecca Melvin

Concord, N.H., June 14 – Ingles Markets, Inc. plans to pay down the outstanding balance of its line of credit with proceeds of a $350 million offering of 10-year senior notes, according to a release.

The proceeds are also being used to redeem in full its outstanding 5¾% senior notes due 2023

The new notes are being sold by joint bookrunners BofA Securities Inc., Truist Securities Inc. and J.P. Morgan Securities LLC.

The supermarket chain is based in North Carolina.


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