Kroger said it executed a Credit Agreement on September 13, 2024 for an unsecured revolving credit facility of $5.0 billion, with Wells Fargo Bank, National Association and Citibank, N.A. as co-administrative agents.

1. 01

   Kroger said it executed a Credit Agreement on September 13, 2024 for an unsecured revolving credit facility of $5.0 billion, with Wells Fargo Bank, National Association and Citibank, N.A. as co-administrative agents.

2. 02

   Albertsons said the company has $2.75 billion of the facility available as of the signing date, and an additional $2.25 billion will become available upon the closing of the Albertsons merger.

3. 03

   The company said it may use the facility for general corporate purposes and may borrow up to $750.0 million on the merger closing date to help fund part of the cash consideration.

4. 04

   The company said it amended its existing Term Loan Credit Agreement on September 13, 2024, changing the Consolidated EBITDA definition, certain other financial definitions and the subsidiary debt covenant. The new revolving credit facility includes a financial covenant tied to the leverage ratio.

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