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Albertsons Companies Inc (ACI)
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Albertsons Companies Inc. Announces Proposed Senior Notes Offering

Last updated: January 22, 2026
Taurigo

On January 22, 2026, Albertsons Companies, Inc. (NYSE: ACI) unveiled its plans to conduct a significant offering of senior notes, aimed at refinancing existing debt and optimizing its capital structure. The announcement comes as part of the company's strategic initiatives to manage its financial obligations and enhance liquidity.

1. Details of the Offering

Albertsons intends to offer a total of $1.1 billion in new senior notes due in 2032 (referred to as the “2032 Notes”) alongside an additional $500 million in senior notes with a coupon rate of 5.750%, maturing in 2034 (the “Additional 2034 Notes”). The latter will be issued under the same indenture as previously issued 5.750% senior notes due 2034, which were released on November 10, 2025.

The notes will be co-issued by Albertsons and its subsidiaries, including Safeway Inc., New Albertsons L.P., Albertson’s LLC, and Albertsons Safeway LLC.

2. Purpose of the Proceeds

The funds raised from this offering will primarily be allocated towards refinancing existing debt. Specifically, Albertsons plans to:

  1. Redeem in full the outstanding $1.35 billion of its 4.625% senior notes due in 2027.
  1. Redeem a portion of the $750 million of its 5.875% senior notes due in 2028.
  1. Cover associated fees and expenses linked to the refinancing and issuance of the new notes.

This strategic refinancing is aimed at reducing interest expenses and extending the maturity profile of the company’s debt.

3. Regulatory Compliance

The offering will be made to qualified institutional buyers in accordance with Rule 144A of the Securities Act of 1933, as amended, and to non-U.S. persons outside the United States under Regulation S. Importantly, the notes have not been registered under the Securities Act and therefore cannot be offered or sold in the U.S. without proper registration or an applicable exemption.

It is crucial to note that this announcement does not serve as a redemption notice for the existing 2027 or 2028 notes.

4. About Albertsons Companies

Founded in 1939, Albertsons Companies is a prominent food and drug retailer in the United States. As of November 29, 2025, the company operates 2,243 retail stores, 1,708 pharmacies, and 404 associated fuel centers across 35 states and the District of Columbia. The company is well-known for its diverse brand portfolio, which includes Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, and several others.

In 2024, Albertsons, alongside its foundation, contributed over $435 million in food and financial support to communities, with more than $40 million directed through its Nourishing Neighbors Program to assist those in need.

5. Conclusion

Albertsons Companies’ proposed senior notes offering marks a strategic move to strengthen its financial position and manage its debt effectively. As the retail landscape continues to evolve, the company’s proactive approach to refinancing could well position it for sustained growth and stability in the competitive grocery market. Investors will be closely monitoring how these financial maneuvers impact Albertsons' long-term performance and operational capabilities.

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