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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
SUPERVALU Reprices, Amends $1B Facility With Wells Fargo, Others
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Lenders/Participants
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Wells Fargo Bank [Joint Lead Arranger, Joint Bookrunner]
Rabobank, N.A. [Joint Lead Arranger, Joint Bookrunner]
BMO Capital Markets [Joint Lead Arranger, Joint Bookrunner]
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Structure
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Asset-Based Revolver
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Amount
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$1.000
Billion
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Borrower(s)
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SUPERVALU INC.
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Description
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Company completed the repricing, amendment and extension of its existing $1.0 billion asset-based revolving credit facility, which is secured by the company’s inventory, credit card and certain other receivables and certain other assets. The amendment reduces the revolving credit facility’s rates on borrowings and letters of credit by 0.25 percent and the facility fees by 0.125 percent. Additionally, the maturity date of the revolving credit facility was extended by approximately sixteen months to February 3, 2021. This amendment also modifies certain representations and warranties, covenants and events of default set forth in the revolving credit facility, and provides for the adjustment of certain covenants in the event a spin-off of Save-A-Lot is consummated.
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Industry
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Retail
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| Related Tags |
BMO Capital Markets, Rabobank, SUPERVALU, Wells Fargo
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ABL Advisor
Deal Tables
2024
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