Kroger Co.
Kroger Amends Credit Agreements Ahead of Albertsons Merger
Summary
On October 8, 2024, The Kroger Co. amended its Credit Agreement and Term Loan Credit Agreement to ensure continued access to funds for the previously announced merger with Albertsons Companies, Inc. These amendments include changes to the termination dates of certain commitments to prevent them from expiring on the 'Outside Date' as defined in the Merger Agreement. The changes ensure that $2.25 billion in additional commitments and $750 million in loans will remain available after the merger closes.
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Exhibits (2)
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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.
Official SEC Documents
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