Wednesday, February 22, 2012

S&P Upgrades Roundy's Supermarkets; Outlook Stable

Feb 22 (Reuters) -
Overview
-- The parent of Roundy's Supermarkets Inc. completed an IPO and obtained
an $800 million senior secured first-lien credit facility, consisting of a
$125 million revolver and a $675 million term loan.
-- The company used proceeds from the IPO and term loan in part to
refinance the company's old term loans, thereby reducing debt.
-- We are raising the corporate credit rating one notch to 'B+' and
removing all ratings from CreditWatch with p

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