NEWS WATCH

SAFEWAY, Pleasanton, Calif., said it will refinance its long-term debt by purchasing $870.9 million worth of its outstanding public debt securities. Safeway commenced tender offers last Monday to acquire its outstanding public debt and filed a shelf registration for $1 billion of new debt as part of a refinancing package. The company said it intends to finance the debt buyback with proceeds from a

SAFEWAY, Pleasanton, Calif., said it will refinance its long-term debt by purchasing $870.9 million worth of its outstanding public debt securities. Safeway commenced tender offers last Monday to acquire its outstanding public debt and filed a shelf registration for $1 billion of new debt as part of a refinancing package. The company said it intends to finance the debt buyback with proceeds from a new debt offering, loans from its bank credit facility or commercial paper or a combination ther

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