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WFCF Retail Finance Team Underwrites, Arranges $1.65B Facility for SUPERVALU

September 06, 2012, 06:00 PM
Filed Under: Retail

Wells Fargo Capital Finance acted as left lead arranger and administrative agent and, together with the other arrangers, underwrote a $1.65 billion senior secured, asset-based revolving credit facility for SUPERVALU INC. The facility refinances a portion of SUPERVALU's existing debt and will be used to support the general needs of the Company.

SUPERVALU INC. is one of the largest companies in the U.S. grocery channel with annual sales of approximately $35 billion and serves customers across the United States through a network of approximately 4,400 stores composed of 1,101 traditional retail stores..

"This is a significant financing for SUPERVALU in that it will provide the company the flexibility it needs to move toward accomplishing its goals," said Jim Dore, president of the Retail Finance and Commercial Services Group of Wells Fargo Capital Finance. "We are extremely proud of the strong relationship we have developed with the management team at SUPERVALU and we look forward to continuing to support this market leading company as it moves forward."





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