Albertsons Companies, Inc.’s $750 Million Notes Offering


Cahill represented the initial purchasers in connection with a Rule 144A offering of $750,000,000 aggregate principal amount of floating rate senior secured notes due 2024 by Albertsons Companies, Inc., a leading food and drug retail company.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Barclays, Deutsche Bank Securities Inc., RBC Capital Markets, Wells Fargo Securities, LLC, PNC Capital Markets LLC, SunTrust Robinson Humphrey, Inc., U.S. Bancorp Investments, Inc. and MUFG Securities Americas Inc. acted as Initial Purchasers on the offering.

Proceeds from the offering are being held in a segregated account and will be used for the previously announced merger with Rite Aid Corporation, a leading operator of retail pharmacies and provider of pharmacy services.

Cahill Advised with a team including William J. Miller (Picture), Layton Bell, Anthony J. Hajj and Ani Ravi

Involved fees earner: William Miller – Cahill Gordon & Reindel; Layton Bell – Cahill Gordon & Reindel; Anthony Hajj – Cahill Gordon & Reindel; Ani Ravi – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Barclays Bank; Deutsche Bank Securities; Goldman, Sachs & Co.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; RBC Capital Markets; Credit Suisse Securities Limited; SunTrust Robinson Humphrey, Inc.; PNC Capital Markets LLC; US Bancorp; Wells Fargo Securities; MUFG Securities Americas Inc. ;

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Author: Ambrogio Visconti