BOISE, ID - In a new filing submitted to the SEC today, Albertsons has revealed the company now expects to raise $1.82 billion through its proposed IPO. As it stands, Albertsons debt is hovering around the $12 billion range, but expects to use the IPO earnings to pay down the deficit, the company announced.

“We are one of the largest food and drug retailers in the United States, with strong local presence and national scale. Over the past three years, we have completed a series of acquisitions that has significantly increased our portfolio of stores,” Albertsons explained in its filing. “We operated 2,205, 2,382, 1,075, and 192 stores as of June 20, 2015, February 28, 2015, February 20, 2014 and February 21, 2013, respectively. In addition, as of June 20, 2015, we operated 378 adjacent fuel centers, 30 dedicated distribution centers and 21 manufacturing facilities.”

Albertsons has completed several acquisitions over the past nine years as well, beginning with its purchase of Albertson’s LLC in 2006 (the “legacy Albertsons stores”), followed by a March 2013 acquisition of NAI from Supervalu, which included the Albertsons stores that were not already owned (the "Supervalu Albertsons stores”). In December 2013, Albertsons acquired United, a regional grocery chain in North and West Texas, and in January 2015, Safeway was officially acquired.

Albertsons also revealed it will be trading under the ticker symbol ABS on the New York Stock Exchange, but no details were given about an estimated price range of its shares for the IPO or the number of shares to be sold on the market.

Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the representatives of the underwriters for the IPO, the filing says.

Albertsons