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Prospect News home > News index > List of issuers S > Headlines for Safeway Inc. > News item
Published on 5/23/2016 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Albertsons to redeem 7¾% notes due 2022 via $1.25 billion new issue

By Susanna Moon

Chicago, May 23 – Albertsons Cos. LLC plans to redeem all of the outstanding 7¾% senior secured notes due 2022 co-issued by the company and Safeway Inc.

Albertsons plans to price $1.25 billion principal amount of senior notes due 2024 under Rule 144A and Regulation S, to be co-issued by the company and its subsidiaries, Safeway, New Albertson's, Inc. and Albertson’s LLC, according to a company announcement.

Proceeds also will be used to repay debt under the company’s term loan.

Albertsons is a Boise, Idaho-based food and drug retailer.


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