AI English summary of an SEC filing — figures as filed
Kroger KRThe company entered into the RCF Amendment to its Revolving Credit Agreement on October 8, 2024 September 13, 2024. It changed the definition of "Acorn Closing Date Additional Commitment Termination Date" so that the additional $2.25 billion commitments to be made available at the closing of the merger would not terminate on the "Outside Date" under the Merger Agreement.
Key points
AI summaryThe company entered into the RCF Amendment to its Revolving Credit Agreement on October 8, 2024 September 13, 2024. It changed the definition of "Acorn Closing Date Additional Commitment Termination Date" so that the additional $2.25 billion commitments to be made available at the closing of the merger would not terminate on the "Outside Date" under the Merger Agreement.
The company said the RCF Amendment also revised the definition of "Certain Funds Termination Date" so that its ability to draw $750 million of loans on the merger closing date to fund part of the merger consideration would not terminate on the "Outside Date."
The company entered into the Term Loan Amendment to its Term Loan Credit Agreement on October 8, 2024 November 9, 2022, changing the definition of "Commitment Termination Date." As a result, commitments under the Term Loan Agreement will not terminate on the "Outside Date" under the Merger Agreement.
The company said the amendments relate to the transaction under the Merger Agreement dated October 13, 2022, in which a subsidiary of the company will merge with Albertsons Companies, Inc., with ACI surviving as a wholly owned subsidiary of the company. It also said certain parties to the amendments and their affiliates provide financial services to the company.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Revolving Credit Agreement Amendment (RCF Amendment)
The company entered into the RCF Amendment to its Revolving Credit Agreement on October 8, 2024 September 13, 2024. It changed the definition of "Acorn Closing Date Additional Commitment Termination Date" so that the additional $2.25 billion commitments to be made available at the closing of the merger would not terminate on the "Outside Date" under the Merger Agreement.
Source · Based on the filing body and exhibits
Right to Draw $750 million Loans on Merger Closing Date
The company said the RCF Amendment also revised the definition of "Certain Funds Termination Date" so that its ability to draw $750 million of loans on the merger closing date to fund part of the merger consideration would not terminate on the "Outside Date."
Source · Based on the filing body and exhibits
Term Loan Credit Agreement Amendment (Term Loan Amendment)
The company entered into the Term Loan Amendment to its Term Loan Credit Agreement on October 8, 2024 November 9, 2022, changing the definition of "Commitment Termination Date." As a result, commitments under the Term Loan Agreement will not terminate on the "Outside Date" under the Merger Agreement.
Source · Based on the filing body and exhibits
Merger Amendments and Contract Parties
The company said the amendments relate to the transaction under the Merger Agreement dated October 13, 2022, in which a subsidiary of the company will merge with Albertsons Companies, Inc., with ACI surviving as a wholly owned subsidiary of the company. It also said certain parties to the amendments and their affiliates provide financial services to the company.
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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