Albertsons (ACI) said Wednesday it plans to offer $600 million of new senior notes due 2033.
The company said it intends to use the net proceeds from the offering, together with cash on hand, to fully redeem or repay the $600 million outstanding of its 7.5% senior notes due 2026.
The company and its subsidiaries, Safeway, New Albertsons, Albertson's LLC, and Albertsons Safeway, will be co-issuers of the notes, Albertsons said.
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