Ingles markets, incorporated announces closing of its senior notes offering

Asheville, n.c.--(business wire)--ingles markets, incorporated (“ingles” or the “company”) (nasdaq: imkta) today announced the closing of its previously announced private offering of $350.0 million aggregate principal amount of 4.000% senior notes due 2031 (the “notes”). the company will use the net proceeds from the offering to redeem in full the company's issued and outstanding 5.75% senior notes due 2023 (the “existing notes”), repay the outstanding balance under its existing credit facility
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