SUPERVALU completed the refinancing of a $525 million senior secured term loan credit agreement with a $315 million delayed draw term loan facility with Goldman Sachs as administrative agent.
SUPERVALU entered into a definitive agreement to sell its Save-A-Lot business for $1.365 billion in cash to an affiliate of Onex, a Canadian company.
SUPERVALU successfully completed the amendment of its existing $1.5 billion senior secured term loan agreement. Goldman Sachs and Barclays acted as joint lead bookrunners and joint lead arrangers on the amendment.
SUPERVALU completed the repricing, amendment and extension of its existing $1 billion asset-based revolving credit facility. Wells Fargo Bank served as administrative agent, swing line lender and LC issuer.
SUPERVALU amended and extended its $1 billion ABL revolver. Wells Fargo, U.S. Bank, Goldman Sachs, Credit Suisse, Morgan Stanley, Barclays, Rabobank and Bank of America Merrill Lynch acted as joint lead arrangers and joint bookrunners.
SuperValu announced it completed the repricing, amendment and extension of its $1 billion asset-based revolver. Wells Fargo, U.S. Bank, Rabobank, Goldman Sachs, Credit Suisse, Morgan Stanley, Barclays and BofA Merrill acted as joint lead arrangers.
Bloomberg reported Supervalu is seeking to lower the rate on a $1.49 billion loan. Goldman Sachs was said to be arranging the transaction.
SUPERVALU announced it has successfully completed the refinancing of its existing $1.5 billion term loan agreement that reduces the interest rate margin from 5% to 4%. Credit Suisse and Goldman Sachs arranged the amendment.
Wells Fargo Capital Finance announced that it is leading a new $1 billion senior secured, asset-based revolving credit facility for SUPERVALU. Wells Fargo Bank will serve as administrative agent, left lead arranger and bookrunner for the facility.
ABF Journal illustrator Jerry Gonzalez shares his depiction of SUPERVALU’s deal to sell some of its grocery store chains to Cerberus Capital and its related $900 million facility led by Wells Fargo.