Kroger Renegotiates Credit Facility

CINCINNATI — Kroger Co. here on Wednesday said that it has amended and restated a $2 billion revolving credit facility with 24 financial institutions.

The facility was originally negotiated in November of 2010. The amended facility will expire in 2017. Kroger said the credit would be used for general corporate purposes.

The bank group is led by Bank of America and Citibank as administrative and syndication agents, respectively. The group also includes The Royal Bank of Scotland, U.S. Bank and Wells Fargo Bank as co-documentation agents.

"We are pleased with the banking community's continued confidence in Kroger's financial strength," Mike Schlotman, Kroger's chief financial officer, said in a statement. "This credit facility provides Kroger with the ongoing financial flexibility to successfully execute our Customer 1st strategy."