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Albertsons Releases New Filings as it Approaches IPO

Albertsons Releases New Filings as it Approaches IPO

Thursday, May 12th, 2016

In the latest move towards securing its initial public offering (IPO), Albertsons Companies has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC).

The company said that it expects to price its 65.31 million shares in the range of $23 to $26. For an additional 9.796 million shares, Albertsons said that it would have an overallotment option. If taken at the maximum price, the entire offering would be valued at roughly $1.953 billion.

Photo Credit: Ken Wolter,

“For fiscal 2015, we generated net sales of $58.7 billion, Adjusted EBITDA of $2.7 billion and free cash flow, which we define as Adjusted EBITDA less capital expenditures, of $1.7 billion,” the company said in a recent statement about its finances. “In addition to realizing increased sales, profitability, and free cash flow through the implementation of our operating playbook, we expect synergies from the Safeway acquisition to enhance our profitability and free cash flow over the next few years.”

Albertsons has proposed to list its shares on the New York Stock Exchange under the symbol ABS. The underwriters for the offering are as follows: 

  • Goldman Sachs
  • Merrill Lynch
  • Citigroup
  • Morgan Stanley
  • Deutsche Bank
  • Credit Suisse
  • Barclays
  • Lazard
  • Guggenheim Securities
  • Jefferies
  • RBC Capital Markets
  • Wells Fargo
  • BMO Capital Markets
  • SunTrust Robinson Humphrey
  • Telsey Advisory Group
  • Academy Securities
  • Ramirez
  • Blaylock Beal Van

The company stated that it intends to use the net proceeds from this offering for general corporate purposes, to repay certain existing debt, and to pay for fees and expenses that are related to this offering.

As Albertsons moves closer to its IPO filing, keep an eye on DeliMarket News as we continue to report on the company’s finance announcements and its affect on the retail chain.