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AI English summary of an SEC filing — figures as filed

Kroger logoKroger KR

The company said it extended the expiration date of the Exchange Offers for notes issued by Albertsons Companies, Inc. (ACI) and related entities from October 16, 2024 at 5 p.m. New York City time to October 22 at 5 p.m. 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 notes issued by Albertsons Companies, Inc. (ACI) and related entities from October 16, 2024 at 5 p.m. New York City time to October 22 at 5 p.m. New York City time.

  2. The company said it is offering to exchange all ACI Notes for up to $7,441,608,000 aggregate principal amount of new Kroger Notes and cash, and that it extended the expiration date of the related consent solicitations to the same date. The consent solicitations apply only to the Unconsented Series.

  3. The company said the exchange offers are conditioned on the closing of its merger with ACI, a condition Kroger cannot waive, and that settlement is expected to occur promptly after the expiration date, on or promptly after the merger closing date.

  4. The company said it expects the merger to close in the fourth quarter of calendar 2024, so the expiration date may be extended further, and that it plans to give notice of any such extension before the expiration date.

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 exchange offer expiration date

The company said it extended the expiration date of the Exchange Offers for notes issued by Albertsons Companies, Inc. (ACI) and related entities from October 16, 2024 at 5 p.m. New York City time to October 22 at 5 p.m. New York City time.

Source · Based on the filing body and exhibits

Exchange amount and consent solicitation extension

The company said it is offering to exchange all ACI Notes for up to $7,441,608,000 aggregate principal amount of new Kroger Notes and cash, and that it extended the expiration date of the related consent solicitations to the same date. The consent solicitations apply only to the Unconsented Series.

Source · Based on the filing body and exhibits

Exchange offer conditions and settlement timing

The company said the exchange offers are conditioned on the closing of its merger with ACI, a condition Kroger cannot waive, and that settlement is expected to occur promptly after the expiration date, on or promptly after the merger closing date.

Source · Based on the filing body and exhibits

Expected merger closing timing and possible further extension

The company said it expects the merger to close in the fourth quarter of calendar 2024, so the expiration date may be extended further, and that it plans to give notice of any such extension before the expiration date.

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.