SUPERVALU (SVU) Successfully Completed $2.5B In Financing

SUPERVALU INC. (NYSE: SVU) successfully completed two debt financing transactions, totaling $2.5 billion.

• A new five-year $1.65 billion asset-based revolving credit facility, secured by the Company’s inventory, credit card receivables and certain other assets, which will bear interest at the rate of LIBOR + 1.75 percent to LIBOR + 2.25 percent (depending on utilization). The line of credit’s lead arrangers are Wells Fargo, U.S. Bank, Barclays and Credit Suisse.
  
  
• A new six-year $850 million term loan, secured by a portion of the Company’s real estate and equipment, which will bear interest at the rate of LIBOR + 6.75 percent and include a floor on LIBOR set at 1.25 percent. The term loan’s lead arrangers are Credit Suisse and Barclays.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Jersey Mike's closes IPO at $23 per share on NYSE
• Wells Fargo on Neurocrine Bio. (NBIX): 'Defending NBIX, We Would Be Buyers Here'
• Mastercard beats Q2 estimates on strong consumer spending, cross-border payments