debt
confidence high
sentiment neutral
materiality 0.60
Albertsons issues $1.5B of new senior notes to refinance 2026 notes and repay ABL
Albertsons Companies, Inc.
- $700M 5.500% notes due 2031 and $800M 5.750% notes due 2034 issued.
- Net proceeds, plus cash on hand, to redeem all $750M of 3.250% notes maturing March 2026.
- Proceeds also used to repay a portion of ABL borrowings and pay fees.
- Notes are unsecured senior obligations guaranteed by domestic subsidiaries obligors under ABL.