Albertsons to repay term loan using proceeds from new, add-on notes

By Sarah Lizee

Olympia, Wash., Jan. 21 – Albertsons Cos., Inc. plans to repay its term loan facility in full using proceeds from new notes, according to a press release.

The company announced Tuesday that it plans to offer $2.35 billion of new notes due 2023, additional notes due 2027 and new notes due 2030.

Cash on hand will also be used for the loan repayment.

Albertsons is a Boise, Idaho-based grocery company.

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