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Supervalu Sets Rate on $2.4 Billion Loan for Cerberus Sale

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Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - January 29, 03:57PM from (www.bloomberg.com)

Supervalu Inc. (SVU), the third-largest U.S. grocery chain, set the rate it will pay on $2.4 billion of loans to support the sale of five supermarket chains to a Cerberus Capital Management LP-led investor group.
A six-year, $1.5 billion term loan, that won’t have financial-maintenance covenants, wi...


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