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.