Cahill Represents Initial Purchasers in a $750 Million Notes Offering for Albertsons Companies, Inc., Safeway Inc., New Albertsons L.P., Albertson's LLC, and Albertsons Safeway LLC
Date: 02/13/23
Cahill represented the initial purchasers in connection with a Rule 144A offering of $750,000,000 aggregate principal amount of 6.500% senior notes due 2028 by Albertsons Companies, Inc., Safeway Inc., New Albertsons L.P., Albertson's LLC, and Albertsons Safeway LLC. Proceeds from the offering were used to repay in full the outstanding $750,000,000 aggregate principal amount of 3.500% senior notes due 2023. Albertsons Companies is one of the largest food and drug retailers in the United States, operating stores across 34 states and the District of Columbia under 24 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci’s Food Lovers Market.