Supervalu has announced it intends to use cash to meet any obligation to repurchase its zero-coupon senior Liquid Yield Option Notes due 2031.
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The company said that holders of the notes have the right to require the supermarket chain to repurchase all or a portion of their notes as of 1 October 2006
The accreted value of the notes outstanding will be approximately US$265m, the company announced today (1 September), but it added that the second quarter will be unaffected by the announcement
