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Southeastern Grocers Announces Pricing of Notes Giving | Small business & Finance

JACKSONVILLE, Fla.–(Company WIRE)–Oct 6, 2020–

Southeastern Grocers, Inc. (SEG) right now declared that its indirect wholly-owned subsidiaries SEG Keeping, LLC and SEG Finance Corp. have priced an giving of $325. million aggregate principal quantity of 5.625% Senior Secured Notes owing 2028 (the “Notes”). The Notes will be issued at an difficulty selling price of 100%. Interest on the Notes will accrue at a amount of 5.625% for each annum, and will be payable semi-yearly in arrears on each April 15 and Oct 15, commencing April 15, 2021. The giving of the Notes is expected to near on October 9, 2020, subject to customary closing problems.

The Notes will be thoroughly and unconditionally guaranteed by the subsidiaries of SEG that assurance its existing asset-based revolving credit rating facility (the “Revolving Credit score Facility”). The proceeds from the featuring of the Notes, collectively with hard cash on hand and drawings under the Revolving Credit Facility, are intended to be made use of to repay in full the quantities superb under, and cancel, the group’s existing Phrase Bank loan Facility, with the stability to be made use of to pay out transaction fees and costs relevant to the compensation of the Phrase Personal loan Facility and the issuance of the Notes.

The Notes will not be registered beneath the Securities Act of 1933, as amended (the “Securities Act”), or less than any condition securities law, and could not be supplied or bought in the United States or to, or for the account or benefit of, U.S. people absent registration or an applicable exemption from, or in a transaction not subject matter to, the registration specifications of the Securities Act and applicable condition securities legislation. The Notes have been made available only to folks fairly considered to be qualified institutional purchasers beneath Rule 144A and exterior the United States to non-U.S. people in compliance with Regulation S under the Securities Act.

This announcement shall not represent an present to offer or the solicitation of an supply to get securities, nor shall there be any sale of these securities in any point out or other jurisdiction in which this kind of give, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any these types of condition or jurisdiction.

About Southeastern Grocers

Southeastern Grocers, Inc. (SEG), guardian corporation and house of BI-LO, Fresco y Más, Harveys Grocery store and Winn-Dixie grocery outlets, is one of the most significant standard grocery store firms in the U.S. SEG grocery retailers, liquor stores and in-retailer pharmacies provide communities all through the 7 southeastern states of Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina and South Carolina. BI-LO, Fresco y Más, Harveys Grocery store and Winn-Dixie are perfectly-acknowledged and properly-respected regional manufacturers with deep heritages, robust community ties, happy histories of giving again, gifted and caring associates and solid commitments to giving the very best achievable excellent and price to shoppers.

Cautionary Statements Relating to Ahead-Hunting Info

This press launch consists of particular ahead-wanting statements about SEG, including, but not limited to, its monetary issue, potential customers and its effects of functions. All of these statements are primarily based on estimates, projections and assumptions well prepared by management that are inherently unsure and that may perhaps not be realized as simple fact. These statements require threats and uncertainties, which include, but not confined to, financial, competitive, governmental, and technological components outside of SEG’s handle, that may well cause SEG’s business, market, method, or genuine effects to vary materially. SEG undertakes no obligation to update or revise any of the ahead wanting statements contained herein, no matter whether as a end result of new information and facts, future situations or normally. Forward-wanting statements may perhaps consist of phrases these types of as “anticipate,” “intend,” “plan,” “seek,” “believe,” “estimate,” “expect,” and similar references to future periods and other words and phrases of identical which means in relationship with any discussion of the timing or character of upcoming operating or fiscal overall performance or other situations but not all ahead-searching statements have these determining terms.

There are a number of dangers and uncertainties that could induce our actual benefits to differ materially from the ahead-searching statements contained in this presentation. Crucial aspects that could lead to true results to vary materially from individuals in the ahead-looking statements involve the following: adverse financial situations the effects of the COVID-19 pandemic on our organization failure to effectively execute our strategic initiatives the competitive nature of the sector in which we carry out our enterprise our incapacity to timely discover or reply to customer trends sizeable improvements to our relationship with C&S Wholesale Grocers (“C&S”) disruptions to our product source or to C&S’s distribution community our inability to keep the expert services of crucial personnel and failure to appeal to, practice and retain certified employees risks linked with offering pharmacy expert services at our merchants our inability to open up, relocate or remodel retailers on program will increase or fluctuations in our running costs maximize in internet marketing, promotion and marketing fees and lack of ability to apply powerful marketing, promotion and marketing methods failure to manage our track record and the value of our brands, which includes protection of our intellectual house dangers linked with leasing sizeable quantities of space, which include legal responsibility under our functioning leases assigned to third functions impairment expenditures on the worth of our extended-lived property dangers associated to the adoption of contemporary get started accounting alterations in accounting criteria, subjective assumptions, estimates and judgements by management similar to complex accounting issues failure to retain the privateness and stability of confidential client and business enterprise facts disruptions of or compromises to our facts technologies program a loss in consumer self-assurance in the security and top quality of our items our incapability to retain the loyalty of our consumers unanticipated alterations in the insurance plan industry or things impacting self-insurance policies reserve estimates outcomes of any ongoing litigation or lawful proceedings in which we are concerned or in which we may possibly become associated variations in regulations, regulations and laws impacting our marketplace the geographic focus of our locations, which helps make us vulnerable to extreme storm hurt, natural disasters and other area adverse climate ailments threats or prospective threats to protection of foodstuff and drug security, the incidence of a widespread wellness epidemic and/or pandemic or other incidents beyond our command makes an attempt to unionize our workforce the seasonality of our enterprise and to use a considerable part of our NOLs or other tax attributes.

Director, Company Communications and Government Relations

Southeastern Grocers, Inc.

Search phrase: UNITED STATES NORTH The united states FLORIDA

Market Key word: Supermarket RETAIL

Supply: Southeastern Grocers, Inc.

Copyright Company Wire 2020.

PUB: 10/06/2020 04:34 PM/DISC: 10/06/2020 04:34 PM

Copyright Business Wire 2020.