MILWAUKEE — Roundy’s Supermarkets here is seeking to extend the maturities on some of its debt, according to a report yesterday in the Milwaukee Business Journal.
Moody’s Investors Service last month had affirmed its ratings for the retailer at B2 for the company’s debt — B1 for the bank credit facility — but changed the outlook to stable from negative, the report said. Roundy’s is extending until November 2012 up to $125 million of its revolving credit facility and until November 2013 up to $600 million of a term loan. Both are two-year extensions.
Moody’s cited Roundy’s high leverage as a concern if sales falter, but noted that the chain’s margins compare well with other supermarket companies. Neither Roundy’s nor Moody’s could be reached for comment yesterday.
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