Amendment No. 3 to Form S-1 Table of Contents AB ACQUISITION LLC AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (unaudited) Albertson's ABL: Borrowings outstanding under the Albertson's ABL as of June 20, 2015 consisted of loans of $541.0 million and letters of credit ("LOC") issued under the LOC sub-facility of $130.1 million. Borrowings outstanding under the Albertson's ABL as of February 28. 2015, consisted of loans of $980.0 million and letters of credit issued under the LOC sub-facility of $272.1 million. NAI ABL: The NAI ABL had no outstanding loan borrowings as of June 20, 2015 or February 28, 2015. The NAI ABL LOC sub- facility had outstanding issued letters of credit of $530.0 million and $418.7 million as of June 20, 2015 and February 28, 2015, respectively. The amended NAI LOC facility had no outstanding issued letters of credit as of June 20, 2015 and $104.6 million outstanding issued letters of credit as of February 28, 2015. The Albertson's ABL contains no covenants unless and until (i) an event of default under the Albertson's ABL has occurred and is continuing or (ii) the failure of Albertson's to maintain excess availability of at least 10.0% of the aggregate commitments at any time or (iii) excess availability is less than $200 million. If any of such events occur, then Albertson's is required to maintain a fixed charge coverage ratio of 1.0 to 1.0 until such event of default is cured or waived or the 30th day after the other trigger event ceases to exist. The NAI ABL contains no covenants unless and until (i) an event of default under the NAI ABL has occurred and is continuing or (ii) the failure of NAI to maintain excess availability of at least 10.0% of the aggregate commitments at any time. If any of such events occur, NAI is required to maintain a fixed charge coverage ratio of 1.0 to 1.0 until such event of default is cured or waived or the 30th day after the other trigger event ceases to exist. The C