GRAND RAPIDS, Mich. — Spartan Stores here said it raised $106.5 million, after expenses, from the sale of convertible senior notes due in 2027. The amount raised included the full exercise of options to buy an additional $15 million in notes offered to initial buyers of the $95 million offering, Spartan said. The company said it would use the proceeds to pay amounts owned under its revolving credit facility and for working capital, capital expenditures and for other corporate purchases, ...
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 complimentary access to the SN salary survey data tables.
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.