Kroger Co.
Kroger Terminates Merger with Albertsons, Announces SMR Note Redemption
Summary
On December 12, 2024, The Kroger Co. announced the termination of its previously disclosed merger agreement with Albertsons Companies, Inc., which is a triggering event leading to the mandatory redemption of its Senior Medium-Term (SMR) Notes. Pursuant to the terms of the Indenture, Kroger is required to redeem the SMR Notes on December 18, 2024, at a redemption price equal to 101% of their principal amount, plus accrued and unpaid interest to, but excluding, the Redemption Date.
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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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