Roundy's Seeks $800M to Refinance Debt: Report

MILWAUKEE, Wis. — Roundy's Supermarkets here will meet with its lenders Thursday in an effort to secure loans totaling $800 million to refinance its debt, according to reports.

The company declined to comment on the reports.

According to Bloomberg, the financing would include $675 million in term loans due in 2019 and a $125-million revolving line of credit maturing in 2017.

Roundy’s also declined to comment on the status of an initial public offering, which the company said in December would raise at least $230 million. A spokeswoman told SN Roundy's is in a quiet period while the Securities and Exchange Commission responds to the proposed filing.

Discuss this Article 0

Post new comment
Sign In or register to use your Supermarket News ID
(optional)

Sponsored by: Tyson Deli

SN’s Spotlight on Deli/Fresh Meals series profiles large chains and independent retailers who show innovation in their deli and fresh meals departments. Click Here

Twitter Facebook Youtube Iphone APP RSS Feeds Google Plus