Seri Bryant

Associate

818.212.2655

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The quality of your thinking determines the quality of your life. "

Danny Abergel

Senior Associate

CA BRE: 01797904

818.212.2715

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Beware of the little expenses. A small leak can sink a great ship."

Rebekah Snyder

Senior Research Analyst

818.212.2731

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Two things define you. Your patience when you have nothing, and your attitude when you have everything."

Jesica Ocheltree

Operations Manager

818.212.2730

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Happiness is a choice, not a result. "

Jesica Ocheltree

Operations Manager

818.212.2730

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Happiness is a choice, not a result. "

Kathy Magallanes

Certified Agent Support Specialist

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Success is not in what you have, but who you are."

Andrea Tuch

Marketing Manager

818.212.2660

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The highest form of wisdom is kindness."

Hunter Stratton

Associate

CA BRE:

818.212.2730

Hunter Stratton is the newest member of the NNN team. He started his career as an award-winning sales representative and sales manager for Southern Glazer’s Wine & Spirits. Where he represented some of the most prestigious brands in the industry like Dom Perigon, Jonnie Walker, and Don Julio. Due to Covid-19 he was forced to change careers and started working in residential real estate, working directly with one of the top agents in the Coachella Valley, California. Hunter’s natural ability to build trusting relationships, his motivation to succeed, and his innate customer service skills are an asset to brokerage.

When Hunter isn’t working you can find him at the golf course, fishing, or playing with his dog Harlow.

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You must expect great things of yourself before you can do them. "

Signage is displayed on a shopping cart outside a Rite Aid Corp. store in Hercules, California, U.S., on Tuesday, Jan. 2, 2018. Rite Aid Corp. is expected to release earnings figures on Jan 3. Photographer: David Paul Morris/Bloomberg via Getty Images

Operational Expectations of Albertsons – Rite Aid Merger Announcement

F&D Reports / Creditntell Release Provides an Analysis of the Proposed Deal, Contingencies, Termination Rights, Funding, and Financial and Operational Expectations

Industry-leading retail financial consulting firm Information Clearinghouse, Inc. (ICI), through its F&D Reports and Creditntell divisions, has released a Special Update on the recently announced merger of Albertsons Companies and Rite Aid Corporation.

The merger is the latest within the retail grocery and drug space, reflecting increasing consolidation among the major players as the retail landscape continues to shift, including the impact of growing ecommerce competitors. The agreement also provides Albertsons’ private equity holders, a consortium led by Cerberus, an avenue to go public, considering its planned initial public offering has been on hiatus since it was announced in July 2015. On a pro forma basis, the combined company is expected to generate year one revenues of approximately $83.00 billion and adjusted EBITDA of approximately $3.70 billion (including cost synergies). Albertsons has arranged $8.40 billion in new debt financing, including revolving, term and bridge loan facilities, to complete the cash portion of the acquisition, refinance certain of Rite Aid’s existing $6.83 billion in debt, and pay fees. The merger agreement includes a mutual termination right in the event that it is not consummated by August 18, subject to extension to November 18.

In addition to detailing the specific terms of the agreement as well as operational expectations for the combined company, ICI’s Special Update provides Rite Aid’s fiscal 2019 guidance, expected cost synergies, and geographic coverage / market position of the combined company. The report also offers a pro forma financial snapshot and ICI’s proprietary company credit ratings.

Commenting on the Albertsons – Rite Aid Special Update, ICI CEO Lawrence Sarf stated, “Rite Aid has struggled for years, and stakeholders were thrown a lifeline when Walgreens agreed to acquire 1,932 of its stores. With its drastically reduced scale, loss of national footprint, and declining operating results, the question arose as to what options would be left for the shrinking and troubled chain. This week’s announcement, with privately held Albertsons picking up the rest of the pieces, will create a larger player with the scale needed to better compete. However, it remains to be seen how both of these struggling retailers will create a more compelling shopping experience to improve their top-line performance.”

Information Clearinghouse, Inc. (publisher of F&D Reports & Creditntell) is a leading credit consulting firm specializing in the analysis of public and private companies in numerous retail segments. The focus of its analysis is to deliver the key intelligence today’s busy credit executive needs to make a highly informed decision without sifting through pages of non-essential data. To learn more, read the full article using the link below:

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