New York, February 03, 2014 -- SUPERVALU INC. ("SUPERVALU") announced on Friday, January 31, 2014 that it has successfully completed the refinancing of its existing senior secured term loan agreement. The amendment reduces the interest rate margin from 4.0 percent to 3.5 percent while the LIBOR floor remains at 1.00 percent for LIBOR based loans. More importantly the amendment also eliminates the springing maturity provision that would have accelerated the term loan maturity to 90 days prior to May 1, 2016 if more than $250 million of the company's 8% senior notes remained outstanding as of that date. The maturity date of the term loan remains March 2019. The amount of 8% senior notes currently outstanding total $628 million while the amount of the term loan outstanding at November 13, 2013 was $1,491 million.

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