The Kroger Co. has announced the extension of the expiration date of the exchange offers and consent solicitations for Albertsons Companies, Inc. notes. The company has extended the expiration date to 5:00 p.m. New York City time on December 13, 2024. As of August 29, 2024, the requisite number of consents were received to adopt the proposed amendments with respect to the consented series.
The exchange offers for the outstanding Albertsons Companies, Inc. notes are for up to $7,441,608,000 aggregate principal amount of new notes to be issued by Kroger and cash. The settlement of the exchange offers and consent solicitations is expected to occur promptly after the expiration date and is expected to occur on or promptly after the closing date of the merger. The merger is expected to close during the fourth quarter of calendar year 2024.
The Kroger Co. is dedicated to its purpose of feeding the human spirit and serves over eleven million customers daily through a seamless digital shopping experience. It has nearly 420,000 associates and operates retail food stores under various banner names, with a focus on creating #zerohungerzerowaste communities. Following these announcements, the company's shares moved -0.9%, and are now trading at a price of $60.17. For more information, read the company's full 8-K submission here.
