Albertsons Companies, Inc. Issues $600 Million in Senior Notes Due 2033
Boise, Idaho – March 11, 2025 – Albertsons Companies, Inc. (NYSE: ACI) announced the issuance of $600 million in 6.250% senior notes due 2033. The proceeds will be used to redeem its existing $600 million in 7.500% senior notes due 2026 and cover related fees and expenses.

Key Transaction Details:
Issuer: Albertsons Companies, Inc. and subsidiaries (Safeway Inc., New Albertsons L.P., Albertsons LLC, Albertsons Safeway LLC)
Amount Issued: $600 million
Interest Rate: 6.250% per annum
Maturity Date: March 15, 2033
Interest Payments: Semi-annually on March 15 and September 15, starting September 15, 2025
Use of Proceeds: Full redemption of $600 million in 7.500% senior notes due 2026 and transaction-related expenses
Redemption & Repurchase Terms:
Optional Redemption:
Before March 15, 2028 – Notes may be redeemed with a make-whole premium
March 15, 2028 - March 15, 2030 – Redemption at a premium, decreasing annually:
103.125% (before March 15, 2029)
101.563% (March 15, 2029 - March 15, 2030)
After March 15, 2030 – Redeemable at par
Change of Control Provision:
If a change of control event occurs with a ratings downgrade, Albertsons must offer to repurchase all outstanding notes at 101% of principal plus accrued interest.
Indenture Terms & Financial Covenants:
Restrictions on:
Creating liens on assets
Entering certain mergers or consolidations
Events of Default:
Non-payment of principal, interest, or premiums
Breach of covenants
Cross-acceleration with other indebtedness
Judgment enforcement
Bankruptcy-related events