Albertsons Companies, Inc. (ACI)

[$Pistol Pete$]

$ACI We continue to generate strong free cash flow and are benefiting from better working capital trends. As a result, we finished the quarter with approximately $2.4 billion in cash and our net debt to adjusted EBITDA improved to 1.6 times on an LTM basis. During the second quarter, we also completed a refinancing at very attractive rates and paid off the 2020 Safeway notes with cash on hand. Together, those transactions will save the company approximately $52 million in annualized pre-tax interest expense.