Albertsons to price new notes due 2023, 2030 and add-on to 2027 notes

By Rebecca Melvin

New York, Jan. 21 – Albertsons Cos. Inc. plans to offer $2.35 billion of new notes due 2023 and 2030 and an add-on to its 4 5/8% notes due 2027, all of which will be used to help fund repayment of its term loan facility, according to a company news release.

The company and its subsidiaries Safeway Inc., New Albertsons LP and Albertson’s LLC will be co-issuers of the notes.

The proceeds of the notes, together with cash on hand, will be used to fund repayment of its term loan facility in full and to pay fees and expenses related to the term loan repayment and issuance of notes.

The notes are being offered under Rule 144A.

The grocery company is based in Boise, Idaho.

© 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.