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Kroger Raises $300M in Debt Sale

CINCINNATI — Kroger Co. here on Tuesday raised $300 million through the sale of senior unsecured notes due in 2040.

Jon Springer, Executive Editor

July 6, 2010

1 Min Read
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JON SPRINGER

CINCINNATI — Kroger Co. here on Tuesday raised $300 million through the sale of senior unsecured notes due in 2040.

Proceeds from the offering were to be used for general corporate purposes, Kroger said in a prospectus filed with the Securities and Exchange Commission.

The offering was rated as stable by rating agencies. The size of the deal was increased from an originally planned $250 million, according to Thomson Reuters.

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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