PLEASANTON, Calif. — Safeway here said Tuesday that it has entered into a new four-year, $1.5 billion revolving credit facility, effective June 1.
The facility replaces a $1.6 billion facility that would have matured on June 1, 2012. Up to $250 million of the revolving credit facility is available for borrowings by Safeway's Canadian subsidiary.
The facility will be used for general corporate purposes. A grou