SuperValu issues make-whole call for $277.98 million 8% notes of 2016

By Susanna Moon

Chicago, Dec. 3 – SuperValu Inc. issued a call Thursday for its $277,982,000 of outstanding 8% senior notes due 2016, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at par plus a make-whole premium and accrued interest to but excluding the redemption date of Jan. 6.

Funding for the redemption will come from drawdowns under the company’s $1 billion five-year asset-based revolving credit facility and cash from operations.

SuperValu is an Eden Prairie, Minn.-based supermarket operator and wholesale grocery distributor.

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