debt
confidence high
sentiment positive
materiality 0.55
Albertsons issues $600M of 6.250% senior notes due 2033 to refinance 7.500% notes due 2026
Albertsons Companies, Inc.
- Aggregate principal $600M, interest 6.250% paid semi-annually, maturity March 15, 2033.
- Proceeds used to redeem all $600M of 7.500% senior notes due 2026 and pay fees/expenses.
- Notes are unsecured senior obligations; guaranteed by certain existing and future domestic subsidiaries.
- Optional redemption: make-whole premium before March 2028; thereafter step-down to par after March 2030.
- Upon change of control, holders may require repurchase at 101% of principal plus accrued interest.