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Kroger Extends Exchange Offers for Albertsons Notes
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Kroger Extends Exchange Offers for Albertsons Notes
Oct 17, 2024 12:47 PM

09:37 AM EDT, 10/15/2024 (MT Newswires) -- Kroger ( KR ) said Tuesday it has extended the expiration date of the exchange offers for all outstanding notes of Albertsons ( ACI ) , New Albertsons, Safeway, Albertson's LLC, Albertsons Safeway and American Stores for up to $7.44 billion of new notes to be issued by Kroger ( KR ) and cash.

Kroger ( KR ) also said it has extended the expiration date for the related consent solicitations to adopt some amendments to the indentures governing the Albertsons ( ACI ) notes, solely relating to the unconsented series.

The new expiration date is Oct. 22 from the prior Oct. 16, Kroger ( KR ) said.

The closing of the merger between Kroger ( KR ) and Albertsons ( ACI ) isn't conditioned on the completion of the exchange offers or consent solicitations, Kroger ( KR ) said.

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