AI English summary of an SEC filing — figures as filed
Kroger KRKroger said it extended the expiration date of its offers to exchange Albertsons Companies, Inc. and other issuers' ACI Notes for up to $7,441,608,000 aggregate principal amount of new Kroger Notes and cash, moving the deadline from September 13, 2024 at 5 p.m. to September 17 at 5 p.m. New York City time.
Key points
AI summaryKroger said it extended the expiration date of its offers to exchange Albertsons Companies, Inc. and other issuers' ACI Notes for up to $7,441,608,000 aggregate principal amount of new Kroger Notes and cash, moving the deadline from September 13, 2024 at 5 p.m. to September 17 at 5 p.m. New York City time.
The company said that as of August 29, 2024, it had received the requisite consents for the Proposed Amendments on the Consented Series and had entered into supplemental indentures, and that the amendments will become operative only upon settlement of the Exchange Offers.
The company said that as of September 11, 2024 at 5 p.m. New York City time, $1,350,000,000 of 4.625% Senior Notes due 2027 had been validly tendered and not validly withdrawn, representing $1,313,661,000 (97.31%).
Kroger said the Exchange Offers are conditioned on the closing of the Merger, but the closing of the Merger is not a condition to completing the Exchange Offers. It said settlement is expected promptly after the Expiration Date and on or promptly after the Merger closing date, and that the Merger is expected to close in the fourth quarter of calendar 2024.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Kroger Extends Exchange Offers for ACI Notes
Kroger said it extended the expiration date of its offers to exchange Albertsons Companies, Inc. and other issuers' ACI Notes for up to $7,441,608,000 aggregate principal amount of new Kroger Notes and cash, moving the deadline from September 13, 2024 at 5 p.m. to September 17 at 5 p.m. New York City time.
Source · Based on the filing body and exhibits
Consent Solicitation Status
The company said that as of August 29, 2024, it had received the requisite consents for the Proposed Amendments on the Consented Series and had entered into supplemental indentures, and that the amendments will become operative only upon settlement of the Exchange Offers.
Source · Based on the filing body and exhibits
Tenders for Selected Series
The company said that as of September 11, 2024 at 5 p.m. New York City time, $1,350,000,000 of 4.625% Senior Notes due 2027 had been validly tendered and not validly withdrawn, representing $1,313,661,000 (97.31%).
Source · Based on the filing body and exhibits
Merger Conditions and Settlement Timing
Kroger said the Exchange Offers are conditioned on the closing of the Merger, but the closing of the Merger is not a condition to completing the Exchange Offers. It said settlement is expected promptly after the Expiration Date and on or promptly after the Merger closing date, and that the Merger is expected to close in the fourth quarter of calendar 2024.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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