Ingles markets, incorporated announces offering of senior notes

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