Kroger raising more than $1 billion in debt
Kroger Co. will raise $1.2 billion in debt later this month with much of it planned to pay off existing debt.
Cincinnati-based Kroger (NYSE: KR), the nation's largest operator of traditional supermarkets, plans to issue two series of notes, according to a new Securities and Exchange filing. It will issue $600 million in 10-year notes due in January 2029 and $600 million in 30-year notes due in January 2049. Both series are to be issued Jan. 14.
Kroger plans to use the money it rais...