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Kroger logoKroger KR

Kroger said it extended the expiration date of the Exchange Offers for notes issued by Albertsons Companies, Inc. and related entities from November 7, 2024 at 5 p.m. New York City time to November 14 at 5 p.m. New York City time.

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

Key points

AI summary
  1. Kroger said it extended the expiration date of the Exchange Offers for notes issued by Albertsons Companies, Inc. and related entities from November 7, 2024 at 5 p.m. New York City time to November 14 at 5 p.m. New York City time.

  2. The company said it is offering to exchange all outstanding ACI Notes issued by the ACI Issuing Entities for up to $7,441,608,000 in aggregate principal amount of new notes to be issued by Kroger, plus cash.

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

  4. As of August 29, 2024, the company said it had received the consents required to adopt the proposed amendments for the Consented Series, and the amendments will become operative only upon settlement of the exchange offers. The company also said tenders of ACI Notes may be withdrawn at or before the expiration date.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 Offers Expiration Date

Kroger said it extended the expiration date of the Exchange Offers for notes issued by Albertsons Companies, Inc. and related entities from November 7, 2024 at 5 p.m. New York City time to November 14 at 5 p.m. New York City time.

Source · Based on the filing body and exhibits

Limit on New Kroger Notes for Exchange

The company said it is offering to exchange all outstanding ACI Notes issued by the ACI Issuing Entities for up to $7,441,608,000 in aggregate principal amount of new notes to be issued by Kroger, plus cash.

Source · Based on the filing body and exhibits

Merger Closing Condition and Settlement Timing

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

Source · Based on the filing body and exhibits

Consent Solicitation Status and Withdrawal Rights

As of August 29, 2024, the company said it had received the consents required to adopt the proposed amendments for the Consented Series, and the amendments will become operative only upon settlement of the exchange offers. The company also said tenders of ACI Notes may be withdrawn at or 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.