Kroger Extends Exchange Offers for Albertsons Notes

MT Newswires Live10-02

Kroger (KR) said Wednesday it has extended the expiration date of the offers to exchange notes of Albertsons (ACI), New Albertsons, Safeway, Albertson's LLC, Albertsons Safeway and American Stores for up to about $7.44 billion of new notes to be issued by Kroger and cash.

Kroger also said it has extended the expiration date for the consent solicitations to adopt proposed amendments to the indentures governing the Albertsons notes, solely regarding the unconsented series.

The expiration date has been extended to Oct. 9 from Oct. 3, the company said.

As of Aug. 29, the required number of consents were obtained to implement the proposed amendments related to the consented series, the company said.

The closing of the merger between the companies isn't conditioned upon the completion of the exchange offers or consent solicitations, Kroger said.

Price: 56.90, Change: +0.19, Percent Change: +0.34

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