Albertsons issues $750M 6.500% senior notes due 2028 to refinance maturing notes

Albertsons Companies, Inc.

Issued $750M aggregate principal of 6.500% senior notes due February 15, 2028.
Net proceeds plus cash on hand will repay $750M of 3.500% senior notes maturing Feb 15, 2023.
Interest payable semi-annually on Feb 15 and Aug 15, starting Aug 15, 2023.
Notes are unsecured and guaranteed by certain domestic subsidiaries on a senior unsecured basis.
Optional redemption at 106.500% of principal via equity offering proceeds up to 40% before Feb 15, 2025.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Albertsons Companies, Inc. entered into Indenture with Wilmington Trust, National Association valued at $750 million (effective 2023-02-13).

Action: entry
Agreement: notes offering
Counterparty: Wilmington Trust, National Association
Value: $750 million
Effective: 2023-02-13

Exact text from the filing

The Notes were issued pursuant to an indenture, dated February 13, 2023 (the “Indenture”), by and among the Co-Issuers, the subsidiary guarantors party thereto and Wilmington Trust, National Association, as trustee.

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Albertsons Companies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-039126

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