LOS ANGELES -- To facilitate the merger of Food 4 Less Supermarkets and Ralphs Grocery Co., Yucaipa Cos. here has agreed to accept consents from only 50% of its bondholders rather than 80%, according to sources close to the deal. the holders of $450 million worth of Ralphs' bonds must exchange their securities for notes in the new company, and the holders of $320 million worth of Food 4 Less bonds must consent to changes in their covenants that will allow them to trade their holdings -- for ...
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.