Cahill Represents Initial Purchasers in $600 Million Senior Notes Offering for Albertsons Companies, Inc., Safeway Inc., New Albertsons L.P. and Albertson’s LLC
Date: 02/05/19
Cahill represented the initial purchasers in connection with a Rule 144A offering of $600,000,000 aggregate principal amount of 7.5% senior notes due 2026 issued by Albertsons Companies, Inc., together with its subsidiaries, Safeway Inc., New Albertsons L.P. and Albertsons’s LLC. Albertsons Companies, Inc. is one of the largest food and drug retailers in the United States. Proceeds from the offering will be used to pay the redemption of Safeway’s outstanding 5.00% Senior Notes due August 2019 and for general corporate purposes.