secwatch.observer — SEC 8-K summary
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Issuer:     KROGER CO (KR)
CIK:        0000056873
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001104659-24-099745
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56873/000110465924099745/0001104659-24-099745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56873/000110465924099745/tm2423778d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-099745

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