BI-LO Raises $285M In Note Sale

BI-LO and BI-LO Finance raised a total of $285 million in a note sale, Reuters reports. The California-based supermarket chain sold the senior secured notes in the 144a private placement market.

The bonds, which carry a coupon rate of 9.25%, will mature on Feb. 15, 2019. The joint book-running managers for the sale were Citigroup and Deutsche Bank.

Click here for the story from Reuters.