SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: August 17, 2001
SUPERVALU INC.
(Exact name of registrant as specified in its charter)
Delaware 001-05418 41-0617000
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
11840 Valley View Road
Eden Prairie, Minnesota 55344
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (952) 828-4000
--------------
Items 1 - 4. Not Applicable
- ----------------------------
Item 5. Other Events
- ---------------------
SUPERVALU INC. (the "Company") has revolving credit agreements with various
financial institutions which are available for general corporate purposes. On
August 17, 2001, the Company amended its $400 million revolving credit
agreement, as filed as Exhibit 4.8 hereto. The amended $400 million credit
facility has rates tied to LIBOR plus .650 to 1.40 percent and expires in
October 2002. Also on August 17, 2001, the Company executed a new 364-day, $300
million revolving credit agreement to replace a similar credit facility that
expired on August 17, 2001. The new $300 million credit facility also has rates
tied to LIBOR plus .650 to 1.40 percent and expires in August 2002.
The amended $400 million credit facility and the new $300 million
credit facility require that the Company comply with certain financial and other
covenants, including interest expense coverage, leverage and asset coverage
ratios. In addition, if the Company's long-term senior unsecured debt rating is
reduced to BB+ or below by Standard & Poor's or to Ba1 or below by Moody's
Investors Service, borrowings under these facilities will automatically become
secured by certain assets of the Company and certain of its subsidiaries and
guaranteed by certain subsidiaries of the Company.
Item 7. Exhibits
- -----------------
Exhibit No. Description
----------- -----------
4.8 Form of Credit Agreement, dated as of October 8,
1997, as amended and restated as of August 17, 2001,
among the Registrant, the Lenders named therein, The
Chase Manhattan Bank, as Agent, and Bank One, NA, as
Syndication Agent.
-2-
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: August 17, 2001
SUPERVALU INC.
By: /s/ Pamela K. Knous
-----------------------------------
Pamela K. Knous
Vice President and Chief
Financial Officer
(Authorized Officer of Registrant)
-3-
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
4.8 Form of Credit Agreement, dated as of October 8,
1997, as amended and restated as of August 17, 2001,
among the Registrant, the Lenders named therein, The
Chase Manhattan Bank, as Agent, and Bank One, NA, as
Syndication Agent.
-4-