NEW YORK — Moody's Investor Service here said Friday it has assigned a B2 rating to Stater Bros. Holdings' proposed $255 million senior notes, while affirming all other ratings. Proceeds from the new notes, along with cash on hand and borrowings under a new $145 million senior secured term loan due in 2014, will be used to repurchase Stater's existing $525 million 8.125% senior unsecured notes due in 2012. Moody's said its affirmation of the company's B2 corporate family rating — a level ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.