SuperValu pricing $400 million eight-year senior notes Thursday

By Paul A. Harris

Portland, Ore., May 16 - SuperValu Inc. plans to price a $400 million offering of eight-year senior notes on Thursday, according to a market source.

Goldman Sachs & Co. and Credit Suisse Securities (USA) LLC are the joint bookrunners.

The Rule 144A and Regulation S notes come with four years of call protection.

The Minneapolis-based grocery wholesaler and retailer plans to use the proceeds to fund the tender for its 8% senior notes due 2016.

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