Albertsons to redeem 6 5/8% notes using proceeds of new notes, cash

By Taylor Fox

New York, Aug. 11 – Albertsons Cos., Inc. intends to redeem its outstanding 6 5/8% senior notes due 2024 using proceeds from its offering of $1.25 billion senior notes due 2026 and 2029 and $50 million of cash on hand, according to a company news release.

Albertsons will issue a conditional notice of redemption to redeem the outstanding 2024 notes. The redemption will be conditional upon successful completion of the offering of the new notes.

Albertsons is a Boise, Idaho-based food and drug retailer.

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