Milbank LLP represented Bank of America, as a lead arranger, administrative agent and a lender together with the other financing sources, in connection with the refinancing of Albertsons Companies, Inc.’s (NYSE: ACI) (“Albertsons”) $4 billion asset-based revolving credit facility. The proceeds of the financing will be used by Albertsons and its subsidiaries for working capital and general corporate purposes.
Albertsons is a leading food and drug retailer in the United States that operates stores across 35 states and the District of Columbia under 22 well known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci’s Food Lovers Market.
The Milbank team was led by Global Leveraged Finance partner Meir Hornung and Corporate Finance and Securities partner Antonio Diaz-Albertini along with Global Leveraged Finance associates Andrew Mavers and Christelle Lobo.
