We don't expect a bankruptcy because SVU refinanced a portion of its debt to eliminate certain restrictive covenants which reduce the risk of a "technical bankruptcy due to breaching loan terms". The firm has $1.2B in available unused credit on its new asset-backed revolving credit line. The company has generated $108M in FCFs during H1 2013 and we expect it to generate $200M-$300M in FCFs in H2 2013 as it will benefit from the holiday shopping periods of Thanksgiving, Chanukah, Christmas, New Year's, Super Bowl Sunday and Valentine's Day. We expect the company to use its free cash flows to pay down its $250M in upcoming debt maturities, which primarily consists of debt attributed to the (New) Albertsons Inc acquisition in 2006. The largest tranche of this debt maturity relates to a $140M New Albertsons bond with a 7.25% coupon and a May 1st, 2013 maturity. The next two tranches of this upcoming debt maturity relate to $33M in New Albertsons Medium Term Notes with an average coupon of 6.345% and a February 25th, 2013 maturity. The remaining $77M in upcoming debt maturities relates to the current portion of capital lease obligations and other debt obligations.