Financing ·
Kroger prices $1.5B of senior notes due 2032 and 2036 to refinance debt
KRKroger Co
The Kroger Co. issued $650 million of 5.800% Senior Notes due 2032 and $850 million of 6.200% Senior Notes due 2036, totaling $1.5 billion in new debt securities. The company executed an underwriting agreement with Citigroup Global Markets Inc., Mizuho Securities USA LLC, and Wells Fargo Securities, LLC as representatives. Net proceeds are expected to be used to refinance debt maturing in October 2026 and for general corporate purposes. This transaction represents a significant capital market activity aimed at managing the company's near-term liquidity obligations.