SUPERVALU Announces Proposed $400 Million Offering of Senior Notes Due 2021

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SUPERVALU Announces Proposed $400 Million Offering of Senior Notes Due 2021

MINNEAPOLIS--(BUSINESS WIRE)-- SUPERVALU INC. (NYS: SVU) ("SUPERVALU") today announced the private offering of $400 million aggregate principal amount of its senior notes due 2021 (the "notes"). The notes will be offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States in accordance with Regulation S under the Securities Act. The Company intends to use the net proceeds of the private placement in connection with the previously announced tender offer by the Company for its 8.000% Senior Notes due 2016.

The notes will not be registered under the Securities Act or under any state securities laws. Therefore, the Company may not offer or sell the notes within the United States to, or for the account or benefit of, any United States person unless the offer or sale would qualify for a registration exemption from the Securities Act and applicable state securities laws.


This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the notes nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

Forward-looking Statements

This release contains certain "forward-looking statements" (as such term is defined under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) relating to future events of SUPERVALU. Such statements are only predictions and involve risks and uncertainties, resulting in the possibility that the actual events or performances will differ materially from such predictions.

About SUPERVALU INC.

SUPERVALU INC. is one of the largest grocery wholesalers and retailers in the U.S. with annual sales of approximately $17 billion. SUPERVALU serves customers across the United States through a network of approximately 3,420 stores, composed of 1,900 independent stores serviced primarily by the Company's food distribution business; 1,331 Save-A-Lot stores, of which 950 are operated by licensee owners; and 191 traditional retail grocery stores. Headquartered in Minnesota, SUPERVALU has approximately 35,000 employees. For more information about SUPERVALU visit www.supervalu.com.



SUPERVALU INC.
Investor Contact

Steve Bloomquist, 952-828-4144
steve.j.bloomquist@supervalu.com

KEYWORDS:   United States  North America  Minnesota

INDUSTRY KEYWORDS:

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