supervalu inc (SVU) Snapshot

SUPERVALU Inc. announced the expiration of its previously announced modified 'Dutch Auction' tender offer to purchase up to $372,018,000 aggregate principal amount of its 8.000% Senior Notes due 2016 on the terms and conditions set in the Offer to Purchase, dated May 2, 2013, and the related Letter of Transmittal sent to holders of the Notes. As of 12:00 midnight, New York City time, at the end of May 30, 2013, $373,053,000 in aggregate principal amount of the Notes had been validly tendered (and not validly withdrawn) pursuant to the offer. As of 12:00 midnight, New York City time, at the end of May 15, 2013, an aggregate principal amount of notes equal to the tender cap were validly tendered (and not validly withdrawn) pursuant to the offer. All notes validly tendered (and not validly withdrawn) pursuant to the offer at or prior to the early tender time were accepted for purchase and settled by SUPERVALU on May 21, 2013. As a result of the offer being fully subscribed at the early tender time and the acceptance priority for notes described in the offer to purchase, no notes tendered after the early tender time will be accepted for purchase. Notes tendered and not accepted for purchase will be promptly returned or credited to the applicable holder’s account.

The employment of J. Andrew Herring, Executive Vice President Real Estate, Market Development and Legal of SUPERVALU Inc. terminated on May 28, 2013.

SUPERVALU Inc. announced closing of its private offering of $400 million aggregate principal amount of 6.750% senior notes due 2021. The company intends to use the net proceeds, together with borrowings under its amended and restated five-year $1 billion revolving credit facility to fund the purchase price of $372.02 million aggregate principal amount of the outstanding 8.000% senior notes due 2016.