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LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS
4 Months Ended
Jun. 14, 2025
Debt Disclosure [Abstract]  
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS
The Company's long-term debt and finance lease obligations as of June 14, 2025 and February 22, 2025, net of unamortized debt discounts of $27.1 million and $28.6 million, respectively, and deferred financing costs of $32.6 million and $31.6 million, respectively, consisted of the following (in millions):
June 14,
2025
February 22,
2025
Senior Unsecured Notes due 2026 to 2033, interest rate range of 3.25% to 6.50%
$6,515.9 $6,517.0 
New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%
486.0 484.6 
Safeway Inc. Notes due 2027 to 2031, interest rate range of 7.25% to 7.45%
376.1 375.9 
ABL Facility25.0 — 
Other financing obligations14.5 14.7 
Finance lease obligations 420.2 427.9 
Total debt7,837.7 7,820.1 
Less current maturities(832.1)(57.6)
Long-term portion$7,005.6 $7,762.5 

ABL Facility

As of June 14, 2025, there was $25.0 million outstanding under the asset-based loan facility (the "ABL Facility"), and letters of credit ("LOC") issued under the LOC sub-facility were $27.4 million. As of February 22, 2025, there were no amounts outstanding under the ABL Facility and LOC issued under the LOC sub-facility were $27.4 million.

Senior Unsecured Notes
On March 11, 2025, the Company and substantially all of its subsidiaries completed the issuance of $600.0 million in aggregate principal amount of 6.250% senior unsecured notes due March 15, 2033 (the "2033 Notes"). Interest on the 2033 Notes is payable semi-annually in arrears on March 15 and September 15 of each year, with the first payment commencing on September 15, 2025. On March 17, 2025, proceeds from the 2033 Notes, together with approximately $5.7 million of cash on hand, were used to (i) redeem in full the $600.0 million outstanding of the Company's 7.500% senior unsecured notes due March 15, 2026 and (ii) pay fees and expenses related to the issuance of the 2033 Notes.