Safeway Extends Offer to Purchase Senior Notes

Safeway extended today its offer to purchase outstanding senior notes from Jan. 5 to the end of business on Jan. 12. All other terms and conditions remain the same per the offer made on Dec. 3, 2014, the retailer noted.

As of Jan. 5, approximately $2.25 million, or 45.09 percent, of the outstanding principal amount of the 2019 senior notes had been tendered. Also tendered by that date was $3.62 million, or 72.56 percent, of the 2020 senior notes, and $2.7 million, or 67.57 percent, of the 2021 senior notes.

Pleasanton, Calif.-based Safeway operates 1,326 stores in the U.S.