SAFEWAY, Pleasanton, Calif., said it will refinance its long-term debt by purchasing $870.9 million worth of its outstanding public debt securities. Safeway commenced tender offers last Monday to acquire its outstanding public debt and filed a shelf registration for $1 billion of new debt as part of a refinancing package. The company said it intends to finance the debt buyback with proceeds from a new debt offering, loans from its bank credit facility or commercial paper or a combination ...
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.