BRIEF-Supervalu reports sale of Save-A-Lot business for $1.365 billion
Oct 17 (Reuters) - Supervalu Inc
* Supervalu Inc - expects to use net proceeds from sale to prepay at least $750 million against its outstanding term loan balance
* Supervalu - intends to use remaining net sale proceeds to further reduce debt and improve its capital structure
* Supervalu - will provide Save-A-Lot with certain services and support functions for its day-to-day operations Source text for Eikon: Further company coverage:
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