Albertsons 8-K: Financial Obligations & Reg FD Disclosure

TL;DR

Albertsons dropped an 8-K on Feb 14th about accelerated financial obligations and Reg FD. Keep an eye on this.

AI Summary

On February 14, 2025, Albertsons Companies, Inc. filed an 8-K to report on triggering events that accelerate or increase a direct financial obligation. This filing also includes a Regulation FD Disclosure, indicating important information is being shared with the public.

Why It Matters

This filing signals potential changes or accelerations in Albertsons' financial obligations, which could impact its financial health and investor confidence.

Risk Assessment

Risk Level: medium — Filings related to financial obligations can indicate potential financial distress or changes that may affect the company's stock price.

Key Players & Entities

• Albertsons Companies, Inc. (company) — Registrant
• February 14, 2025 (date) — Date of Report

FAQ

From the Filing

0001646972-25-000011.txt : 20250214 0001646972-25-000011.hdr.sgml : 20250214 20250214160402 ACCESSION NUMBER: 0001646972-25-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250214 ITEM INFORMATION: Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20250214 DATE AS OF CHANGE: 20250214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Albertsons Companies, Inc. CENTRAL INDEX KEY: 0001646972 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0222 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39350 FILM NUMBER: 25628166 BUSINESS ADDRESS: STREET 1: 250 PARKCENTER BLVD. CITY: BOISE STATE: ID ZIP: 83706 BUSINESS PHONE: 208-395-6200 MAIL ADDRESS: STREET 1: 250 PARKCENTER BLVD. CITY: BOISE STATE: ID ZIP: 83706 8-K 1 aci-20250214.htm 8-K aci-20250214 0001646972 False 0001646972 2025-02-14 2025-02-14 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 14, 2025   Albertsons Companies, Inc. (Exact Name of Registrant as Specified in Charter)   Delaware 001-39350 47-4376911 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)   250 Parkcenter Blvd. Boise , Idaho 83706 (Address of principal executive office and zip code) ( 208 ) 395-6200 (Registrant’s telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, $0.01 par value ACI New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 2.04 Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. On February 14, 2025, Albertsons Companies, Inc. (the "Company"), together with its subsidiaries, Safeway Inc., New Albertsons L.P., and Albertsons LLC (collectively, the "Subsidiary Co-Issuers" and together with the Company, the "Co-Issuers"), announced that they intend to redeem for cash the entire $600 million aggregate principal amount outstanding of their 7.50% senior notes due 2026 (the "Notes"). The Notes are redeemable at a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed, plus any interest accrued and unpaid thereon to the redemption date. The redemption is expected to occur on March 17, 2025. I