LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS

4 Months Ended

Jun. 20, 2020

LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS

The Company's long-term debt and finance lease obligations as of June 20, 2020 and February 29, 2020, net of unamortized debt discounts of $40.6 million and $41.3 million, respectively, and deferred financing costs of $69.4 million and $72.9 million, respectively, consisted of the following (in millions):



	June 20, 2020			February 29, 2020
Senior Unsecured Notes due 2023, 2024, 2025, 2026, 2027, 2028 and 2030, interest rate of 3.50%, 6.625%, 5.750%, 7.5%, 4.625%, 5.875% and 4.875%, respectively	$	6,887.7		$	6,884.5
Safeway Inc. Notes due 2020 to 2031, interest rate range of 3.95% to 7.45%	641.1			642.1
New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%	466.9			466.0
Other Notes Payable, unsecured	37.2			37.2
Mortgage Notes Payable, secured	18.0			18.2
Finance lease obligations	652.7			666.7
Total debt	8,703.6			8,714.7
Less current maturities	(219.1		)	(221.4		)
Long-term portion	$	8,484.5		$	8,493.3

ABL Facility

On March 12, 2020, the Company provided notice to the lenders to borrow $2.0 billion under the Company's amended and restated senior secured asset-based loan facility (as amended, the "ABL Facility") as a precautionary measure in order to increase its cash position and preserve flexibility in light of the uncertainty in the global markets resulting from the COVID-19 pandemic. The Company repaid the $2.0 billion in full on June 19, 2020 and as of June 20, 2020, there were no amounts outstanding under the Company's ABL Facility, and letters of credit ("LOC") issued under the LOC sub-facility were $449.7 million. There were no amounts outstanding under the Company's ABL Facility as of February 29, 2020, and letters of credit issued under the LOC sub-facility were $454.5 million.