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Supervalu (SVU) says it's successfully completed two debt financing transactions, totaling...

  • Thursday, August 30, 2012, 5:57 PM ET
    Supervalu (SVU) says it's successfully completed two debt financing transactions, totaling $2.5B. The debt is structured in a new five-year $1.65B asset-based revolving credit facility, secured by the Company’s inventory, credit card receivables and certain other assets, and a new six-year $850M term loan, secured by a portion of the Company’s real estate and equipment.
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This news story has 4 comments:

  •  
    Congratulations to SVU Management! I first learned of this at our nearby Shaw's, even the Manager was thrilled. These people want to survive, then thrive!
    30 Aug 2012, 06:16 PM Reply Like
  •  
    Wish them luck but you certainly do not build market share on higher prices and gimmickry. They are not the likes of Whole Foods or Costco nor can they compete with Wal-Mart, Target or ALDI. In Chicagoland, they compete more with Dominick's who have also lost their way. Grocery is a tough, hands-on business.
    One size does not fit all. Thus far upper management has been occupied with B-school notions instead of understanding their local markets and customers. Another round of financing is admirable if they can execute.
    30 Aug 2012, 07:06 PM Reply Like
  •  
    Fantastic news. Puts any uncertainty in the short-term to rest and lets them get on with working on the turnaround and restructuring. The hard work remains to be done. Will we see a pop up in the stock today? $svu $wmt $swy
    31 Aug 2012, 05:49 AM Reply Like
  •  
    Just buying time. Sadly, that is all it is.
    5 Sep 2012, 03:02 PM Reply Like
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