SUPERVALU has accepted for purchase all Notes validly tendered after 12:01a.m., New York City time, on May14,2009 (the “Early Tender Time”) and at or prior to the Expiration Time. Holders of these Notes received (i)$980.00 per $1,000 principal amount of SUPERVALU 2009 Notes tendered, (ii)$978.75 per $1,000 principal amount of Albertson’s 2009 Notes tendered, and (iii)$995.00 per $1,000 principal amount of Albertson’s 2010 Notes tendered. Settlement for Notes validly tendered to the Offer after the Early Tender Time and at or prior to the Expiration Time was effected on Friday, May29,2009.
SUPERVALU previously accepted for purchase all Notes validly tendered and not validly withdrawn by the Early Tender Time. Settlement for Notes validly tendered to the Offer at or prior to the Early Tender Time and not validly withdrawn was effected on Thursday, May14,2009.
In addition to the consideration described above, holders of Notes validly tendered and accepted for purchase received accrued and unpaid interest on the Notes from the last interest payment date for the notes to, but not including, the applicable settlement date for the Notes.
Credit Suisse Securities (USA) LLC, Banc of America Securities LLC, Citigroup Global Markets Inc. and RBS Securities Inc. acted as the Dealer Managers for the Offer. Innisfree MandA Incorporated acted as the information agent for the Offer and U.S. Bank Trust National Association acted as tender agent for the Offer.
About SUPERVALU INC.
SUPERVALU INC. is one of the largest companies in the U.S. grocery channel with estimated annual sales of $43 billion. SUPERVALU holds leading market share positions across the United States with its approximately 2,500 retail grocery locations, including nearly 900 in-store pharmacies. Through the company’s nationwide supply chain network, SUPERVALU provides distribution and related logistics support services to more than 2,500 independent retailers across the country. SUPERVALU has approximately 180,000 employees.