KROGER CO (KR) Form 424B5 — Sep 29, 2026
Kroger priced a $1.5 billion two-tranche senior notes offering: $650 million of 5.800% notes due February 2032 and $850 million of 6.200% notes due November 2036, settling on or about October 5, 2026. Estimated net proceeds of approximately $1.49 billion will be used to refinance debt maturing in October 2026 and for general corporate purposes, keeping total leverage roughly flat at about $17 billion of outstanding indebtedness.
Key figures
- Debt Amount
- 1500000000
- Interest Rate
- 5.800% (2032 notes) / 6.200% (2036 notes)
- Maturity Date
- 2032 notes: February 15, 2032; 2036 notes: November 1, 2036
- Gross Proceeds
- 1500000000
- Settlement date
- October 5, 2026
- 2032 notes principal
- $650,000,000 at 5.800%
- 2036 notes principal
- $850,000,000 at 6.200%
- Estimated net proceeds
- $1.49 billion
- Total outstanding debt
- $17.0 billion as of August 15, 2026
- Revolving credit facility
- $2.75 billion (expandable by $2.0 billion), terminating September 13, 2029
- Estimated offering expenses
- $2.9 million
- Underwriting discounts total
- $9,425,000
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