Kroger plans $1.2 billion debt offering
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A Ralphs grocery store, which is owned by Kroger Co, is pictured ahead of company results in Pasadena, California U.S., December 1, 2016. REUTERS/Mario Anzuoni
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(Reuters) - U.S. supermarket chain Kroger Co (NYSE: KR) said on Tuesday it plans to raise $1.2 billion through a debt offering, according to a U.S. regulatory filing https://bit.ly/2QxmZAN.
The company said it would offer two series of notes worth $600 million each due January 2029 and January 2049 and use part of the proceeds to refinance long-term debt.
(This story corrects headline and paragraph 1 to say company plans to raise $1.2 billion, not $600 million)
(Reporting by Mary Ann Alapatt in Bengaluru; Editing by Maju Samuel)
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