Moran Foods LLC, the St. Ann-based parent company of the Save A Lot grocery business, said it has completed a debt refinancing that will provide it with more liquidity and operational flexibility while lowering its borrowing costs.
Moran said last week in a press release that effective Dec. 30, the company closed on the refinancing of debt facilities put in place at the time of the company's 2020 restructuring.
The refinancing includes a new $200 million, five-year asset-based lending (ABL) credit…
