Kroger Offers $7.44 Billion for Albertsons Notes in Private Exchanges-March 2024-www.financetom.com

Kroger Offers $7.44 Billion for Albertsons Notes in Private Exchanges

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Kroger Offers $7.44 Billion for Albertsons Notes in Private Exchanges

Aug 16, 2024 4:16 AM

06:46 AM EDT, 08/16/2024 (MT Newswires) -- Kroger ( KR ) said late Thursday it began offering up to $7.44 billion of new notes and cash through private exchanges with some eligible holders of outstanding notes issued by Albertsons ( ACI ) and its affiliates.

Kroger ( KR ) said it is targeting 24 series of Albertsons ( ACI )-issued notes and debentures due up to 2037.

The exchange offers come amid a pending $24.6 billion merger between Kroger ( KR ) and Albertsons ( ACI ). Each offer will expire at 5 p.m. ET on Sept. 13 and settlement will be after the proposed merger closes, which is expected to occur in Q4, Kroger ( KR ) said.

Price: 52.00, Change: -0.61, Percent Change: -1.16

Previous page： Primega Group Files Registration Statement for Secondary Offering Next page： RBC Capital Markets Provides Estimate Changes for Intermediate/Junior Gold and Silver Cos

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Primega Group Files Registration Statement for Secondary Offering

Sep 10, 2024

10:41 AM EDT, 09/10/2024 (MT Newswires) -- Primega Group Holdings ( PGHL ) filed a registration statement Tuesday that contains the preliminary prospectus for the sale of about 2.2 million of its common shares by certain selling shareholders. The company said the selling shareholders may offer or sell all or a portion of the shares covered by the preliminary prospectus...

RBC Capital Markets Provides Estimate Changes for Intermediate/Junior Gold and Silver Cos

Sep 10, 2024

10:41 AM EDT, 09/10/2024 (MT Newswires) -- RBC Capital Markets on Tuesday outlined its estimate changes for intermediate/junior gold and silver producers, reflecting updated commodity price assumptions. RBC raised Alamos Gold ( AGI ) 's price target to $23.00 from $20.00 and increased Eldorado Gold's ( EGO ) 's price target to $22.00 from $20.00. Gatos Silver ( GATO )...

Enphase Energy Says it Started Shipments of IQ8 Microinverters With Higher Domestic Content

Sep 10, 2024

10:43 AM EDT, 09/10/2024 (MT Newswires) -- Enphase Energy ( ENPH ) said Tuesday it started initial shipments of IQ8HC microinverters supplied from plants in the US with higher domestic content than earlier models. The company said that, as previously disclosed in July, some microinverters, when combined with other US-made solar equipment, may qualify for the domestic content bonus tax...

FAA needs to ensure adequate safety metrics before Boeing 737 MAX production can grow, FAA says

Sep 10, 2024

WASHINGTON (Reuters) - The head of the Federal Aviation Administration said Tuesday the agency must ensure the planemaker's safety processes are adequate before it will lift its 737 MAX production cap. FAA Administrator Mike Whitaker said he raised the issue with Boeing's ( BA ) new chief executive Kelly Ortberg and wants to ensure the planemaker follows through on its...