Kroger enters $5B revolving credit facility with $2.25B conditional on Albertsons merger

KROGER CO

Total $5.0B unsecured revolver; $2.75B available immediately, additional $2.25B upon Albertsons merger close.
Up to $750M may be drawn on merger closing date to fund part of cash consideration.
Rates based on Kroger's debt rating; includes a leverage ratio financial covenant.
Also amended Term Loan Agreement to revise Consolidated EBITDA and subsidiary debt definitions.
Facility arranged by Wells Fargo, Citibank, Mizuho, U.S. Bank, and Truist.

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