Kroger Announces Plans for a $1.2 Billion Debt Offering
A recent filing with the Securities and Exchange Commission shows that Kroger is planning to raise $1.2 billion through a debt offering. The regulatory filing was reported this week. Kroger has taken on some debt with a recent acquisition. It’s an effort from the grocery chain to restructure.
The company said it would offer two series of notes worth $600 million each due January 2029 and January 2049 and use part of the proceeds to refinance long-term debt.