secwatch.observer — SEC 8-K summary
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Issuer:     KROGER CO (KR)
CIK:        0000056873
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001104659-22-117123
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kroger enters $4.75B term loan facilities to finance Albertsons acquisition
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- Two tranches: $3.0B maturing 3 years after closing, $1.75B maturing 18 months after closing.
- Proceeds used to pay portion of consideration for Albertsons acquisition per Oct 13, 2022 Agreement.
- Reduces availability under $17.4B bridge loan facility by $4.75B.
- Interest rates based on debt rating; includes leverage ratio financial covenant.
- Also amended revolving credit agreement to replace Eurodollar Rate with Term SOFR and adjust leverage ratio post-closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56873/000110465922117123/0001104659-22-117123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56873/000110465922117123/tm2230116d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-117123

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