Daily News: January 23, 2014

Bloomberg: Supervalu Said to Seek Lower Term Loan Rate

Bloomberg reported Supervalu (SVU), the third-largest U.S. grocery chain, is seeking to lower the rate on a $1.49 billion loan.

Bloomberg said further Goldman Sachs Group is arranging the transaction, which provides lenders with six months of 101 soft-call protection, meaning Supervalu would have to pay a one-cent premium to reprice the debt in its first six months.

To read the entire Bloomberg article, click here.