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LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS
 6 Months Ended
Sep. 12, 2020
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 September 12, 2020 and February 29, 2020, net of unamortized debt discounts of $40.0 million and $41.3 million, respectively, and deferred financing costs of $74.8 million and $72.9 million, respectively, consisted of the following (in millions):
September 12,
2020		February 29,
2020
Senior Unsecured Notes due 2023 to 2030, interest rate range of 3.25% to 7.50%
$7,132.1 $6,884.5 
Safeway Inc. Notes due 2021 to 2031, interest rate range of 4.75% to 7.45%
504.2 642.1 
New Albertsons L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%
467.7 466.0 
Other financing obligations37.1 37.2 
Mortgage notes payable, secured17.9 18.2 
Finance lease obligations 632.6 666.7 
Total debt8,791.6 8,714.7 
Less current maturities(331.6)(221.4)
Long-term portion$8,460.0 $8,493.3 
Senior Unsecured Notes

On August 31, 2020, the Company and substantially all of its subsidiaries completed the issuance of $750.0 million in aggregate principal amount of 3.250% Senior Unsecured Notes which will mature on March 15, 2026 (the "2026 Notes") and $750.0 million in aggregate principal amount of 3.500% Senior Unsecured Notes which will mature on March 15, 2029 (the "2029 Notes" and together with the 2026 Notes, the "New Notes"). Interest on the New Notes is payable semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2021. The New Notes have not been and will not be registered with the SEC. The New Notes are also fully and unconditionally guaranteed, jointly and severally, by substantially all of the Company's subsidiaries that are not issuers under the indenture governing such New Notes. On September 11, 2020, proceeds from the New Notes, together with approximately $60 million cash on hand, were used to fully redeem the $1,250.0 million in aggregate principal amount outstanding of the Company's 6.625% Senior Unsecured Notes due 2024 (the "2024 Redemption"). In connection with the 2024 Redemption, the Company paid an associated redemption premium of $41.4 million. The Company recorded a $49.1 million loss on debt extinguishment related to the 2024 Redemption, comprised of the $41.4 million redemption premium and $7.7 million write-off of deferred financings costs.

On September 16, 2020, subsequent to the end of the second quarter of fiscal 2020, the remaining proceeds were used to fund the partial redemption of $250.0 million of the $1,250.0 million in aggregate principal amount outstanding of the Company's 5.75% Senior Unsecured Notes due 2025.

Safeway Notes

The Company repaid the remaining $136.8 million in aggregate principal amount of Safeway Inc.'s ("Safeway") 3.95% Notes due 2020 on their maturity date, August 15, 2020.

ABL Facility
As of September 12, 2020 and February 29, 2020, there were no amounts outstanding under the Company's amended and restated senior secured asset-based loan facility (as amended, the "ABL Facility"), and letters of credit ("LOC") issued under the LOC sub-facility were $367.3 million and $454.5 million, respectively