Supervalu Completes $1B Debt Offering

Supervalu yesterday said it closed its offering of $1 billion in senior notes due 2016.

MINNEAPOLIS — Supervalu yesterday said it closed its offering of $1 billion in senior notes due 2016.

The company said it plans to use the proceeds to repay debt issues that are due this year and next. Two of the issues due this year have an aggregate principal amount outstanding of $350 million each and the issue due next year has $275 million outstanding.

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