Kroger aims to price fixed-rate senior notes due 2029, 2049

By Devika Patel

Knoxville, Tenn., Jan. 7 – Kroger Co. is planning to sell fixed-rate senior notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes are due in 2029 and 2049.

The 2029 notes will have a make-whole call until three months prior to maturity and then are callable at par. The 2049 notes will have a make-whole call until six months prior to maturity and then are callable at par.

Wells Fargo Securities LLC, Citigroup Global Markets Inc. and U.S. Bancorp Investments Inc. are the bookrunners for the 2029 notes.

Wells Fargo, BofA Merrill Lynch and Goldman Sachs & Co. LLC are the bookrunners for the 2049 notes.

Proceeds will be used to refinance debt, including debt that matures in January 2019, and for general corporate purposes.

Kroger is a Cincinnati-based grocery retailer.

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