We advised the borrower on the refinancing

Davis Polk advised Albertsons Companies, Inc. in connection with the amendment and restatement of its existing asset-based revolving credit facility. The amended and restated facility provides for $4 billion in aggregate revolving commitments and extends the maturity of the revolving credit facility commitments.

Albertsons is a leading food and drug retailer in the United States. As of June, 2025, the company operated 2,264 retail stores with 1,725 in-store pharmacies, 408 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. Albertsons operates stores across 35 states and the District of Columbia under 22 well-known banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci’s Food Lovers Market.

The Davis Polk sponsor finance team included partner Jack Orford, counsel Christopher D. Milla and Jason Palios and associate Jonathon Gex Artigues. Associate Caleb Beavers provided 1940 Act advice. Associate Charles Marshall Wilson provided sanctions advice. Partner Roshni Banker Cariello and associates David Giordano and Steven Glendon provided capital markets advice. Counsel Liang Zhang and associate Alanna Phillips provided tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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