US supermarket chain Supervalu said today (23 October) it plans to periodically sell up to US$500m in senior notes, due 2014.
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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.
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