Albertsons Companies Inc. filed SEC Form 8-K: Events That Accelerate or Increase a Direct Financial Obligation, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits
$ACI
Food Chains
Consumer Staples
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
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| Item 2.04 | Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. | |||||||
On October 21, 2025, Albertsons Companies, Inc. (the "Company"), together with its subsidiaries, Safeway Inc., New Albertsons L.P., and Albertson's LLC (collectively, the "Subsidiary Co-Issuers" and together with the Company, the "Co-Issuers"), announced that they intend to redeem for cash the entire $750 million aggregate principal amount outstanding of their 3.250% senior notes due 2026 (the "2026 Notes"). The 2026 Notes are redeemable at a redemption price equal to 100% of the aggregate principal amount of the 2026 Notes to be redeemed, plus any interest accrued and unpaid thereon to the redemption date. The redemption is expected to occur on November 20, 2025.
| Item 7.01 | Regulation FD Disclosure. | |||||||
The information furnished under Item 2.04 is incorporated by reference in this Item 7.01.
| Item 8.01 | Other Events. | |||||||
On October 21, 2025, the Company issued a press release announcing the proposed offering by the Company, Albertson's LLC, Safeway Inc., New Albertsons L.P. and Albertsons Safeway LLC of $1,250 million aggregate principal amount of new senior notes due 2031 (the "2031 Notes") and new senior notes due 2034 (the "2034 Notes" and together with the 2031 Notes, the "Notes"). The Notes will be issued to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and outside the United States in accordance with Regulation S under the Securities Act. On October 21, 2025, the Company issued a separate press release announcing the upsize and pricing of the offering of $700 million aggregate principal amount of the 2031 Notes at 5.500% and $800 million aggregate principal amount of the 2034 Notes at 5.750%, each issued at par. The Company intends to use the net proceeds from the offering, together with cash on hand, to (i) redeem in full the $750 million outstanding of its 2026 Notes which are scheduled to mature on March 15, 2026 (the "Refinancing"); (ii) repay a portion of the borrowings under its asset-based revolving credit agreement; and (iii) pay fees and expenses related to the Refinancing and the issuance of the Notes. The Company expects the offering of the Notes to close on or about November 10, 2025, subject to customary closing conditions. Copies of the press releases are attached as Exhibits 99.1 and 99.2 hereto and are incorporated in this Item 8.01 by reference.
| Item 9.01 | Financial Statements and Exhibits. | |||||||
(d) Exhibits. The following exhibits are being filed herewith:
| 99.1 | ||||||||
| 99.2 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Albertsons Companies, Inc. | ||||||||
| (Registrant) | ||||||||
| October 21, 2025 | By: | /s/ Thomas Moriarty | ||||||
| Name: | Thomas Moriarty | |||||||
| Title: | Executive Vice President, M&A and Corporate Affairs | |||||||