SUPERVALU Pays $213 Million in Cash to Holders of Liquid Yield Option(TM) Notes Due 2031.
MINNEAPOLIS -- SUPERVALU INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.
Antonym: dec. . (NYSE NYSE
See: New York Stock Exchange :SVU SVU Special Victims Unit
SVU Southern Virginia University (Buena Vista, Virginia)
SVU Society for Vascular Ultrasound
SVU Sri Venkateswara University (Tirupati, India)
SVU Syrian Virtual University ) today announced that it has paid approximately $213 million in cash to holders of Liquid Yield Option Notes due 2031 (Notes) that were put to SUPERVALU as of October 1, 2006. This represents approximately 80 percent of the outstanding notes.
Under the terms of the Notes, holders could require the Company to purchase all or a portion of their Notes on October 1, 2006 at a purchase price equal to the accreted value accreted value
The current value of an original-issue discount bond, taking into account imputed interest that has accumulated. of the Notes, which includes accrued and unpaid cash interest.
The Company may redeem all or a portion of the Notes for cash at any time for a purchase price equal to the sum of the issue price plus accrued original issue discount as of the redemption date Redemption date
The date on which a bond matures or is redeemed.
The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. . Questions regarding the Notes may be directed to The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007. The bank now continues under the new name of The Bank of New York Mellon Corporation. as Successor Trustee to JP Morgan Chase Bank, N.A. at (800) 275-2048.
About SUPERVALU INC.
SUPERVALU INC. is one of the largest companies in the United States grocery channel with annual sales approaching $40 billion. SUPERVALU holds leading market share positions across the U.S. with its approximately 2,500 retail grocery locations. Through SUPERVALU's nationwide supply chain network, the company provides distribution and related logistics support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to more than 5,000 grocery retail endpoints across the country, including SUPERVALU's own retail store network. SUPERVALU currently has approximately 200,000 employees. For more information about SUPERVALU visit http://www.supervalu.com.
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Except for the historical and factual information contained herein, the matters set forth in this news release, including statements identified by words such as "estimates," "expects," "projects," "plans" and similar expressions are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the possibility that the anticipated benefits from the recently completed acquisition of certain assets and operations of Albertson's, Inc. cannot be fully realized or may take longer to realize than expected, the possibility that costs or difficulties related to the integration of Albertsons operations into SUPERVALU will be greater than expected, the impact of competition and other risk factors relating to our industry as detailed from time to time in SUPERVALU's reports filed with the Securities and Exchange Commission.
You should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, SUPERVALU undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.