Safeway Enters Credit Pact way here said it has entered into a new unsecured bank credit agreement with a group of 29 banks in the United States and Canada. Under the agreement, Safeway may borrow up to $1.15 billion, including up to $400 million in Canadian dollars. The company said it expects to use borrowings under the agreement for general corporate purposes. Safeway said the agreement provides more flexible covenants than its previous bank facilities, as well as an extended maturity ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.