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SuperValu repays $1.04 billion term loans, ABL facility for merger
By Susanna Moon
Chicago, Oct. 22 – SuperValu Inc. repaid $698 million of term loans and $344.5 million of loans under its ABL agreement in connection with the merger by United Natural Foods, Inc. for $2.9 billion, according to an 8-K filing with the Securities and Exchange Commission.
The company repaid its commitments on Monday under the amended term loan credit agreement with Goldman Sachs Banks USA as administrative agent and the amended credit agreement with Wells Fargo Bank, NA as administrative agent.
SuperValu is an Eden Prairie, Minn.-based supermarket operator and wholesale grocery distributor.
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