Kroger Reports Pricing Of $10.5B Of Senior Notes
Portfolio Pulse from Benzinga Newsdesk
Kroger has announced the pricing of $10.5 billion in senior notes, with proceeds intended to fund part of its proposed merger with Albertsons Companies, Inc. The notes have varying maturities and interest rates, with settlement expected by August 2024.
August 20, 2024 | 9:46 pm
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Kroger has priced $10.5 billion in senior notes to help fund its proposed merger with Albertsons. The notes have various maturities and interest rates, with settlement expected by August 2024.
The issuance of senior notes is a significant step in funding Kroger's proposed merger with Albertsons. This move indicates Kroger's commitment to the merger, which could lead to increased market share and operational synergies. The market may view this as a positive development, potentially boosting Kroger's stock price in the short term.
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