Supervalu loans cost bondholders $471 million | Finance & Commerce

Supervalu loans cost bondholders $471 million?

Posted: 5:03 pm Mon, July 16, 2012
By Bloomberg?News
Tags: Bank of America, Barclays Plc, Bloomberg, Credit Suisse Group AG, CreditSights Inc., Cub Foods, Financial Industry Regulatory Authority, Libor, Loomis Sayles & Co., Merrill Lynch, Supervalu Inc., Trace, Treasury, U.S. Bancorp, Wells Fargo & Co.

Supervalu Inc.?s plans to reverse a 35 percent drop in its stock this year has cost bondholders $471 million as they deem the debt of the third-largest U.S. grocer to be in distress.

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This entry was posted on Monday, July 16th, 2012 at 5:03 pm and is filed under Business & Economy, Finance & Banking, News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Source: http://finance-commerce.com/2012/07/supervalu-loans-cost-bondholders-471-million/

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