Albertsons Companies, Inc. (ACI): debt financing — Albertsons refinances $4.0B ABL revolver, extends maturity to 2030

Albertsons Companies, Inc.

New $4.0B senior secured ABL facility replaces prior 2021 agreement; matures August 27, 2030.
Includes $1.5B letter of credit subfacility and $250M swingline; borrowing base includes inventory, receivables, and pharmacy scripts.
Interest at base rate + 0.25%-0.50% or SOFR + 1.25%-1.50% based on excess availability; 0.25% commitment fee on unused.
Guaranteed by wholly-owned domestic subsidiaries; secured by first-priority lien on substantially all assets.
Proceeds for working capital and general corporate purposes; covenants trigger fixed charge coverage if availability <10% or $250M.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Albertsons Companies, Inc. incurred revolving credit of $4.0 billion senior secured revolving credit facility with Bank of America, N.A., as administrative agent and collateral agent at term SOFR, plus an applicable margin equal to (x) 1.25% ... or (ii) the base rat maturing August 27, 2030.

Instrument: revolving credit
Principal: $4.0 billion senior secured revolving credit facility
Counterparty: Bank of America, N.A., as administrative agent and collateral agent
Rate: term SOFR, plus an applicable margin equal to (x) 1.25% ... or (ii) the base rat
Maturity: August 27, 2030
Event: incurrence

Exact text from the filing

Bank of America, N.A., as administrative agent and collateral agent, was amended and restated in its entirety. Structure. The Restated Credit Agreement provides for a $4.0 billion senior secured revolving credit facility (the “ABL Facility”), with a $1.5 billion letter of credit subfacility and a $250 million swingline loan subfacility, subject to a

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Albertsons Companies, Inc. filing history →

Source: SEC EDGAR

accession 0000950103-25-010782

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