Kroger aims to offer 30-year notes to fund commercial paper reduction

By Devika Patel

Knoxville, Tenn., Jan. 17 – Kroger Co. is planning to sell 30-year fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will have a make-whole call and then are callable at par.

BofA Merrill Lynch, RBC Capital Markets Corp. and U.S. Bancorp Investments Inc. are the bookrunners.

Citigroup Global Markets Inc., Mizuho Securities USA Inc. and MUFG are co-managers.

Proceeds will be used to reduce the company’s outstanding commercial paper and for general corporate purposes.

Kroger is a Cincinnati-based grocery retailer.

© 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.