NEW YORK — Moody's Investors Service here said Monday it has assigned a B1 rating to Minneapolis-based Supervalu's proposed $1.5-billion senior secured term loan. The loan, which will be secured by real estate, equipment and the stock of Save-A-Lot, will be used to refinance the company's existing term loan and its $490-million senior unsecured notes that are due next year.  Moody's placed the ratings for the senior secured notes of American Stores Co. on ...

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.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

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.

Already registered? here.