Albertsons Companies Announces Extension of Exchange Offer

BOISE, Idaho, July 31, 2017 /PRNewswire/ -- Albertsons Companies, LLC (the "Company") today announced that it and the other co-issuers have extended the expiration date of their offer to exchange (the "Exchange Offer") any and all of their outstanding unregistered 6.625% Senior Notes due 2024 (the "Original 2024 Notes") and their outstanding unregistered 5.750% Senior Notes due 2025 (the "Original 2025 Notes" and, together with the Original 2024 Notes, the "Original Notes") for an equal amount of 6.625% Senior Notes due 2024 (the "Exchange 2024 Notes") and 5.750% Senior Notes due 2025 (the "Exchange 2025 Notes" and, together with the Exchange 2024 Notes, the "Exchange Notes"), respectively, that have been registered under the Securities Act of 1933. As a result of the extension, the Exchange Offer is now scheduled to expire at 5:00 p.m., New York City time, on August 1, 2017, unless further extended.

The Exchange Offer was originally set to expire at 5:00 p.m., New York City time, on July 28, 2017. As of July 28, 2017, tenders of approximately $1,248,877,000 aggregate principal amount, or 99.91%, of the Original 2024 Notes and tenders of approximately $1,240,949,000 aggregate principal amount, or 99.28%, of the Original 2025 Notes have been received pursuant to the Exchange Offer. Except for the extension of the expiration date, all of the other terms of the Exchange Offer remain as set forth in the Exchange Offer prospectus, dated June 29, 2017.

This press release shall not constitute an offer to exchange the Exchange Notes for the Original Notes or the solicitation of an offer to exchange, which the Company and the other co-issuers are making only through the Exchange Offer prospectus.

About Albertsons Companies
Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. We operate stores across 35 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs. Albertsons Companies is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood.

Important Notice Regarding Forward-Looking Statements
This press release contains certain forward-looking statements. Statements that are not historical facts, including statements about our perspectives and expectations, are forward looking statements. The words "expect," "believe," "estimate," "intend," "plan" and similar expressions, when related to the Company and its subsidiaries, indicate forward-looking statements. These statements reflect the current view of management and are subject to various risks and uncertainties. These statements are based on various assumptions and factors, including general economic, market, industry and operational factors. Any changes to these assumptions or factors may lead to practical results different from current expectations. Excessive reliance should not be placed on those statements. Forward-looking statements relate only to the date they were made, and the Company and its subsidiaries undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.

Media Contact:
Melissa Plaisance
[email protected] | 925-226-5115

SOURCE Albertsons Companies