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Kroger Announces Plans for a $1.2 Billion Debt Offering

Photo Credit: mcsquishee via Wikimedia Commons cc

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.

Read the full story at Reuters.