Albertsons Companies, Inc. (ACI), Tuesday announced its plan to offer $1.250 billion of new senior notes due 2031 and new senior notes due 2034.
The company intends to primarily use the proceeds for redeeming the $750 million outstanding of its 3.250 percent senior notes due 2026, as well as repaying a portion of the borrowings under its asset-based revolving credit agreement.
The company and its subsidiaries, Safeway Inc., New Albertsons L.P., Albertson's LLC and Albertsons Safeway LLC, will be co-issuers of the notes offering.
In the pre-market hours, ACI is trading at $19.78, up 0.62 percent on the New York Stock Exchange.
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