Kroger Extends Albertsons Note Exchange Deadline to Sept. 23-August 2024-www.financetom.com

Kroger Extends Albertsons Note Exchange Deadline to Sept. 23

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Kroger Extends Albertsons Note Exchange Deadline to Sept. 23

Sep 16, 2024 12:01 PM

09:18 AM EDT, 09/16/2024 (MT Newswires) -- Kroger ( KR ) said Monday that it has extended the deadline for its exchange offers for Albertsons' ( ACI ) notes and related consent solicitations until 5 pm ET on Sept. 23.

The company said the extension is related to Kroger's ( KR ) offer to exchange up to $7.44 billion of Albertsons ( ACI ) notes for new Kroger ( KR )-issued notes and cash, as well as consents to proposed amendments to the Albertsons ( ACI ) notes' governing documents.

The amendments will take effect once the exchange offers settle, which is expected soon after the new expiration date, Kroger ( KR ) said.

The exchange offers and consents are subject to certain conditions, including the merger's completion, but the merger is not dependent on them, the company said.

Price: 56.20, Change: +0.29, Percent Change: +0.52

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