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Kroger Secures Consents to Amend Rules Governing Outstanding Albertsons Debt
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Kroger Secures Consents to Amend Rules Governing Outstanding Albertsons Debt
Aug 29, 2024 7:22 AM

09:09 AM EDT, 08/29/2024 (MT Newswires) -- Kroger ( KR ) said Thursday that it has received enough consents to adopt amendments regarding the outstanding notes of Albertsons ( ACI ) and related companies.

The results are based on early tenders to exchange any and all outstanding Albertsons' ( ACI ) debt notes for up to $7.44 billion in principal for new notes issued by Kroger ( KR ) together with cash and solicitations of consents to adopt the proposed amendments to the indentures governing the Albertsons ( ACI ) notes.

As of Aug. 28, a total of $6.82 billion aggregate principal amount of Albertsons' ( ACI ) notes were validly tendered, representing about 92% of outstanding notes, the company said.

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