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Prospect News home > News index > List of issuers I > Headlines for Ingles Markets Inc. > News item
Published on 6/9/2020 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Ingles Markets to redeem $150 million 5¾% notes due 2023 at 100.958

By Sarah Lizee

Olympia, Wash., June 9 – Ingles Markets, Inc. plans to redeem $150 million of its 5¾% notes due 2023 on July 9, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at 100.958.

The company said it will recognize debt extinguishment costs of $2 million during the quarter ended Sept. 26.

The redemption is expected to be funded by internally generated funds.

Ingles Markets is a supermarket chain based in Asheville, N.C.


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