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Form 8-K · Current Report · Filed 2024-09-13

Kroger Co. Announces $5 Billion Revolving Credit Facility and Amendment to Term Loan Agreement

The Kroger Co. has executed a $5 billion unsecured revolving credit facility and amended its existing term loan agreement to redefine certain financial metrics and covenants. The credit facility will provide funding for general corporate purposes, with up to $750 million available for the pending merger with Albertsons Companies, Inc. The amendment modifies financial definitions and subsidiary debt covenants in the term loan agreement.

Filer
Kroger Co. KR · NYSE
Filed
Accession
0001104659-24-099745
CIK
0000056873
Signal
Medium impactConsumer Defensive

Items reported

Item 1.01

Entry into a Material Definitive Agreement

New Major Contract Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

Credit Facility Entered New Debt Issued
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$55.20

Next session

+1.8%

Since filing

+4.6%

Latest close

$57.74

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from KR reporting the same item, with the next session's move:

Exhibits (2)

About Kroger Co.

Kroger Co., a leading grocery retailer in the United States, operates a vast chain of supermarkets and multi-department stores. With its origins tracing back to 1883, Kroger has grown to become one of the largest retail companies worldwide. The primary function of Kroger is to provide a wide range of food and grocery items, along with other essential goods and pharmacy services, to consumers across the nation. Known for its strong private label brands, Kroger offers products that cater to diverse dietary preferences and budgets. The company plays a pivotal role in the retail sector by maintaining an extensive supply chain network, which is crucial for ensuring food security and accessibility in numerous communities. In addition to its retail operations, Kroger is at the forefront of sustainability initiatives, incorporating environmentally responsible practices and focusing on reducing food waste. Its impact extends beyond groceries, influencing industries such as agriculture, transportation, and logistics, further underscoring its significance in the financial market.

Exchange NYSE Industry Grocery Stores Company website ↗

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