Roundy's plans new debt financing for acquisition, loan reduction

By Sara Rosenberg

New York, Dec. 2 - Roundy's Inc. plans on using a debt financing transaction to fund its $36 million acquisition of 11 Dominick's stores from Safeway Inc. and reduce debt under its first-lien credit facility, according to a news release.

The company will also amend its first-lien credit agreement to relax certain covenants.

Closing on the acquisition is expected in the second half of this month.

Roundy's is a Milwaukee-based supermarket chain.

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