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Kroger logoKroger KR

The company said it extended the expiration date of the Exchange Offers for all outstanding notes of Albertsons Companies, Inc. and related entities from 5 p.m. on September 27, 2024 to 5 p.m. on October 3 (New York City time).

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it extended the expiration date of the Exchange Offers for all outstanding notes of Albertsons Companies, Inc. and related entities from 5 p.m. on September 27, 2024 to 5 p.m. on October 3 (New York City time).

  2. The company said the Exchange Offers offer new notes to be issued by Kroger and cash in exchange for ACI Notes, with the aggregate principal amount of the new notes capped at up to $7,441,608,000

  3. Kroger said it had received the required consents to adopt the Proposed Amendments for the Consented Series as of August 29, 2024, and that supplemental indentures had been executed, with the amendments becoming operative only upon settlement of the Exchange Offers

  4. Kroger said the Exchange Offers are conditioned on the closing of its merger with ACI and that the merger is expected to close in the Q4 of calendar 2024, which could lead the company to further extend the Expiration Date. The company also said settlement is expected to occur on or promptly after the closing date of the merger

Summary

AI-written

Analysis 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 Expiration of ACI Notes Exchange Offers

The company said it extended the expiration date of the Exchange Offers for all outstanding notes of Albertsons Companies, Inc. and related entities from 5 p.m. on September 27, 2024 to 5 p.m. on October 3 (New York City time).

Source · Based on the filing body and exhibits

Up to $7,441,608,000 in New Kroger Notes Offered

The company said the Exchange Offers offer new notes to be issued by Kroger and cash in exchange for ACI Notes, with the aggregate principal amount of the new notes capped at up to $7,441,608,000

Source · Based on the filing body and exhibits

Consents Obtained for Consented Series; Amendments Effective on Settlement

Kroger said it had received the required consents to adopt the Proposed Amendments for the Consented Series as of August 29, 2024, and that supplemental indentures had been executed, with the amendments becoming operative only upon settlement of the Exchange Offers

Source · Based on the filing body and exhibits

Merger Closing a Condition; Settlement Timing

Kroger said the Exchange Offers are conditioned on the closing of its merger with ACI and that the merger is expected to close in the Q4 of calendar 2024, which could lead the company to further extend the Expiration Date. The company also said settlement is expected to occur on or promptly after the closing date of the merger

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.