PLEASANTON, Calif. — Safeway on Tuesday filed a prospectus to sell an unspecified amount of new, 10-year notes and use the proceeds to repay $500 million in notes due Aug. 16. The company said it would use a portion of the proceeds to repay outstanding short-term borrowings and the rest, combined with additional short-term borrowings, to repay the $500 million in 4.95% notes. Fitch Ratings said it assigned a rating of "BBB" to Safeway's new offering with a rating outlook of "stable." "The ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.