SuperValu extends credit agreement

Minneapolis SuperValu said Monday that it has successfully completed an amendment to and extension of the revolving credit facility and a portion of its term facility under its secured credit agreement.

According to CFO Pamela Knous, “Completing this amendment and reducing total debt in the past fiscal year by approximately $850 million, which exceeded our goal of $700 million, represent important milestones toward ensuring our future liquidity.”

SuperValu operates 4,290 supermarkets under the banners SuperValu, Shop ‘n Save and Save-A-Lot.