Albertsons (ACI) Prices $600M Notes Offering

Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced the pricing of its private offering of $600 million aggregate principal amount of its 6.250% senior notes due 2033 (the “Notes”). The Company and its subsidiaries, Safeway Inc., New Albertsons L.P., Albertson’s LLC and Albertsons Safeway LLC, will be co-issuers of the Notes. The offering is expected to close on or about March 11, 2025, subject to customary closing conditions.

The Company intends to use the net proceeds from the offering, together with cash on hand, to (i) redeem in full the $600 million outstanding of its 7.500% senior notes due 2026 which are scheduled to mature on March 15, 2026 (the “Refinancing”) and (ii) pay fees and expenses related to the Refinancing and the issuance of the Notes.

The Notes were offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside the United States in compliance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

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.

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