latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/high-yield-bond-news/supervalu-8-year-highyield-bonds-b-b3-price-to-yield-7-75 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Supervalu 8-year high yield bonds (B-/B3) price to yield 7.75%

S&P: BBB downgrade risks in Europe look manageable

Churchill Downs announces $400M of eight-year notes for debt refi

Judge dismisses Marble Ridge claims over Neiman's MyTheresa transfer

Revlon delays annual 10-K, details liquidity, ERP-related losses


Supervalu 8-year high yield bonds (B-/B3) price to yield 7.75%

supervalu logoSupervalu yesterday afternoon completed its SEC-registered offering of senior notes via bookrunners Goldman Sachs, Credit Suisse, Morgan Stanley, and Barclays, along with co-managers Bank of America and Wells Fargo, according to sources. Terms were finalized at the tight end of talk. Supervalu is using proceeds, along with borrowings under its amended and restated $1 billion asset-based revolving credit facility, to fund the redemption of the $350 million of 8% notes due 2016. Note the ratings are B-/B3, which reflects an upgrade from Caa1 at Moody’s.

Terms:

Issuer Supervalu
Ratings B-/B3
Amount $350 million
Issue senior (SEC Reg.)
Coupon 7.75%
Price 100
Yield 7.75%
Spread T+557
Maturity Nov. 15, 2022
Call nc-4 @par+50%
Trade Nov. 10, 2014
Settle Nov. 14, 2014 (T+3)
Bookrunners GS/CS/MS/Barc
Co-Managers BAML/WFS
Price talk 7.75-8%