US: Supervalu plans sale of US$500m senior notes
US supermarket chain Supervalu said today (23 October) it plans to periodically sell up to US$500m in senior notes, due 2014.
The company, which acquired a sizable portion of Albertsons' grocery operations earlier this year, will pay interest on the notes on 15 May and 15 November each year, commencing in 2007.
According to a shelf registration statement filed with the Securities and Exchange Commission, Merrill Lynch, Banc of America Securities, Credit Suisse, Citigroup, and Williams Capital Group will underwrite the offering.
Under the registration, Supervalu can issue securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.
US retailer Supervalu has upped its earnings forecast for the year ahead after reporting record results over the last 12 months....
Supervalu's board of directors has adopted an annual share repurchase programme, allowing the company to buy up to US$235m of the company's stock....
The US retail group Supervalu has issued diluted earnings per share guidance, on a GAAP basis, for the 2008 fiscal year. The company said it expected EPS of US$2.58 to $2.77....
Minneapolis-based retail group Supervalu has announced that it is to consolidate its distribution centres in the eastern US....
US grocery retailer Supervalu has announced that John Hooley is to retire from his post as executive vice president and president of Retail East in the spring, after some 33 years with the company....
US retailer Albertsons is reported to be closing six more stores in the Dallas-Fort Worth market, meaning a total of 11 shuttered stores in Texas, according to local reports....
Supervalu, the third-largest US supermarket chain, said today (9 January) that its third quarter earnings increased by almost 51% on the back of its Albertsons acquisition....
An operator of SuperValu chains in Ireland has reportedly made plans to join forces with property developer Frank Gormley, securing site redevelopments through a deal valued at over EUR100m (US$131.9m...
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