Kroger Co.
Kroger Extends Exchange Offers and Consent Solicitations for Albertsons Notes
Summary
On December 2, 2024, The Kroger Co. announced the extension of the expiration date for the previously announced offers to exchange (the 'Exchange Offers') any and all outstanding notes issued by Albertsons Companies, Inc. and related entities (the 'ACI Notes') for up to $7,441,608,000 aggregate principal amount of new notes (the 'Kroger Notes') and cash. Additionally, Kroger extended the expiration date for the related solicitations of consents (the 'Consent Solicitations') to adopt certain proposed amendments to the indentures governing the ACI Notes. The extension was made in connection with the pending merger between a wholly owned direct subsidiary of Kroger and Albertsons Companies, Inc. The Exchange Offers and Consent Solicitations are expected to settle promptly after the extended Expiration Date and are not conditioned upon the closing of the Merger.
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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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