Kroger eyeing 10-year offering of senior notes

By Aleesia Forni

Virginia Beach, Jan. 23 - Kroger Co. is planning a to sell an offering of 10-year senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

Citigroup Global Markets Inc., RBC Capital Markets LLC and RBS Securities Inc. are the bookrunners.

Proceeds will be used to refinance long-term debt that matured on Jan. 15 and for general corporate purposes.

The Cincinnati-based grocery retailer was last in the U.S. bond market with $2 billion of senior notes priced in four tranches on Dec. 16.

The deal included $500 million of three-year floating-rate notes sold to yield Libor plus 53 basis points and $300 million of 1.2% notes due 2016 priced with a spread of Treasuries plus 55 bps.

A $500 million issue of 2.3% notes due 2019 sold at 80 bps over Treasuries and $700 million of 3.3% seven-year notes priced at Treasuries plus 110 bps.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.