Albertsons Companies, Inc. Announces Pricing of Its Senior Notes Offering
Albertsons Companies (NYSE: ACI) has announced the pricing of a $600 million private offering of 6.250% senior notes due 2033. The notes will be co-issued by the Company along with its subsidiaries Safeway Inc., New Albertsons L.P., Albertson's , and Albertsons Safeway
The offering is expected to close around March 11, 2025. The company plans to use the net proceeds, combined with cash on hand, to fully redeem its existing $600 million 7.500% senior notes due 2026 and cover associated fees and expenses. The new notes are being offered to qualified institutional buyers in the US under Rule 144A and to international investors under Regulation S of the Securities Act.
Albertsons Companies (NYSE: ACI) ha annunciato il prezzo di un offerta privata da 600 milioni di dollari di note senior al 6,250% con scadenza nel 2033. Le note saranno co-emesse dalla società insieme alle sue filiali Safeway Inc., New Albertsons L.P., Albertson's e Albertsons Safeway.
L'offerta dovrebbe chiudersi intorno al 11 marzo 2025. La società prevede di utilizzare i proventi netti, combinati con la liquidità disponibile, per rimborsare completamente le sue esistenti note senior da 600 milioni di dollari al 7,500% con scadenza nel 2026 e coprire le spese e le commissioni associate. Le nuove note sono offerte a compratori istituzionali qualificati negli Stati Uniti ai sensi della Regola 144A e a investitori internazionali ai sensi della Regolamentazione S del Securities Act.
Albertsons Companies (NYSE: ACI) ha anunciado el precio de una oferta privada de 600 millones de dólares de notas senior al 6.250% con vencimiento en 2033. Las notas serán coemitidas por la compañía junto con sus filiales Safeway Inc., New Albertsons L.P., Albertson's y Albertsons Safeway.
Se espera que la oferta se cierre alrededor del 11 de marzo de 2025. La compañía planea usar los ingresos netos, combinados con efectivo disponible, para redimir completamente sus notas senior de 600 millones de dólares al 7.500% con vencimiento en 2026 y cubrir las tarifas y gastos asociados. Las nuevas notas se ofrecen a compradores institucionales calificados en EE. UU. bajo la Regla 144A y a inversores internacionales bajo la Regulación S de la Ley de Valores.
앨버트슨스 컴퍼니 (NYSE: ACI)는 2033년 만기 6.250%의 선순위 채권 6억 달러의 사모 발행 가격을 발표했습니다. 이 채권은 회사와 그 자회사인 세이프웨이(Safeway Inc.), 뉴 앨버트슨스(New Albertsons L.P.), 앨버트슨스(Albertson's), 그리고 앨버트슨스 세이프웨이(Albertsons Safeway)에 의해 공동 발행될 것입니다.
이번 발행은 2025년 3월 11일경에 마감될 것으로 예상됩니다. 회사는 순수익을 현금과 결합하여 2026년 만기 6억 달러의 7.500% 선순위 채권을 전액 상환하고 관련 수수료 및 비용을 충당할 계획입니다. 새로운 채권은 미국의 자격을 갖춘 기관 투자자에게는 규칙 144A에 따라, 국제 투자자에게는 증권법의 규정 S에 따라 제공됩니다.
Albertsons Companies (NYSE: ACI) a annoncé le prix d'une offre privée de 600 millions de dollars d'obligations senior à 6,250% arrivant à échéance en 2033. Les obligations seront co-émises par la société ainsi que par ses filiales Safeway Inc., New Albertsons L.P., Albertson's et Albertsons Safeway.
L'offre devrait se clôturer aux alentours du 11 mars 2025. La société prévoit d'utiliser le produit net, combiné avec les liquidités disponibles, pour racheter complètement ses 600 millions de dollars d'obligations senior à 7,500% arrivant à échéance en 2026 et couvrir les frais et dépenses associés. Les nouvelles obligations sont offertes aux acheteurs institutionnels qualifiés aux États-Unis en vertu de la règle 144A et aux investisseurs internationaux en vertu de la réglementation S de la Loi sur les valeurs mobilières.
Albertsons Companies (NYSE: ACI) hat den Preis für ein 600 Millionen Dollar Privatangebot von 6,250% Senior Notes mit Fälligkeit im Jahr 2033 bekannt gegeben. Die Anleihen werden von der Gesellschaft zusammen mit ihren Tochtergesellschaften Safeway Inc., New Albertsons L.P., Albertson's und Albertsons Safeway emittiert.
Das Angebot wird voraussichtlich um den 11. März 2025 schließen. Das Unternehmen plant, die Nettomittel zusammen mit vorhandenen liquiden Mitteln zu verwenden, um seine bestehenden 600 Millionen Dollar 7,500% Senior Notes mit Fälligkeit 2026 vollständig zurückzuzahlen und die damit verbundenen Gebühren und Ausgaben zu decken. Die neuen Anleihen werden qualifizierten institutionellen Käufern in den USA unter Regel 144A und internationalen Investoren unter Regulation S des Securities Act angeboten.
- Reduction in interest expense with new notes at 6.250% vs. existing 7.500%
- Successful refinancing of $600M debt extends maturity from 2026 to 2033
- None.
Insights
Albertsons' latest debt refinancing initiative represents a strategically timed financial maneuver that yields multiple benefits for the company's capital structure. By replacing
First, the refinancing generates approximately
Second, the extension of maturity from 2026 to 2033 significantly enhances the company's debt maturity profile, reducing refinancing risk and providing greater financial flexibility. This seven-year extension is particularly noteworthy given the current interest rate environment and suggests strong institutional investor confidence in Albertsons' long-term viability.
Third, the successful pricing of these notes through a 144A private placement indicates robust demand from qualified institutional buyers, a positive signal regarding market perception of Albertsons' credit quality. The timing of this refinancing is especially strategic, as it locks in relatively favorable rates before potential market volatility and positions the company more advantageously for its pending merger with Kroger.
The transaction's structure, utilizing Rule 144A and Regulation S, allows for efficient execution while maintaining flexibility for future capital market activities. The co-issuance structure involving key subsidiaries also reinforces the integrated nature of Albertsons' operations and provides additional comfort to investors regarding the notes' structural position.
The Company intends to use the net proceeds from the offering, together with cash on hand, to (i) redeem in full the
The Notes were offered in
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in
Important Notice Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. The “forward-looking statements” include our current expectations, assumptions, estimates and projections about our ability to consummate the offering of Notes, the intended use of proceeds thereof, other pending transactions, and other future events. They include statements which the Company believes to be reasonable at this time. You can identify forward-looking statements by the use of words such as “outlook,” “may,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future” and “intends” and similar expressions which are intended to identify forward-looking statements.
These statements are not guarantees of future performance and are subject to numerous risks and uncertainties which are beyond our control and difficult to predict and could cause actual results to differ materially from the results expressed or implied by the statements.
All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements and risk factors. Forward-looking statements contained in this press release reflect our view only as of the date of this press release. We undertake no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In evaluating our forward-looking statements, you should carefully consider the risks and uncertainties more fully described in the “Risk Factors” section or other sections in our reports filed with the SEC including the most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K.
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For Investor Relations, contact investor-relations@albertsons.com
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Source: Albertsons Companies, Inc.
FAQ
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