Albertsons Companies, Inc. Announces Pricing of its Senior Notes Offering
January 22, 2020 at 04:15 pm
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Albertsons Companies, Inc. announced the pricing of its private offering of $750 million in aggregate principal amount of new 3.50% senior notes due 2023, issued at par, $600 million in aggregate principal amount of additional 4.625% senior notes due 2027, issued at 101% and $1,000 million in aggregate principal amount of new 4.875% senior notes due 2030, issued at par (the “2030 Notes” and together with the 2023 Notes and Additional 2027 Notes, the “Notes”). The Additional 2027 Notes will be issued pursuant to the same indenture as those issued by the company on November 22, 2019. The company and its subsidiaries, Safeway Inc., New Albertsons L.P. and Albertson’s LLC, will be co-issuers of the Notes. The offering is expected to close on or about February 5, 2020, subject to customary closing conditions. The company intends to use the net proceeds from the offering, together with cash on hand, to (i) fund the repayment of its term loan facility in full (such repayment, the “Term Loan Repayment”) and (ii) pay fees and expenses related to the Term Loan Repayment and the issuance of the Notes.
Albertsons Companies, Inc. is a food and drug retailer in the United States. The Company is engaged in the operation of food and drug retail stores that offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel and other items and services in its stores or through digital channels. The Company operates approximately 2,269 stores across 34 states and the District of Columbia under 20 banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and others. The Company operates approximately 1,725 pharmacies, 1,336 in-store branded coffee shops, 402 adjacent fuel centers, 22 dedicated distribution centers, 19 manufacturing facilities and various digital platforms. Its own brands include Signature SELECT, Open Nature, Signature Cafe, Lucerne, Waterfront BISTRO, Primo Taglio, Signature Care, Signature Reserve and Value Corner.
ALBERTSONS COMPANIES, INC. 
