Bonds
Kroger Eyes $10 Billion Bond Sale to Fund Albertsons Tie-Up
- Investor calls were held Monday ahead of note issuance
- A seven-part bond sale could come as soon as Tuesday
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Kroger Co. is seeking to raise about $10 billion from a corporate bond sale that could be launched as soon as Tuesday and would help fund its proposed acquisition of fellow grocer Albertsons Cos., according to people familiar with the matter.
Kroger plans to sell notes in at least seven parts that would mature between 2026 and 2064, according to a filing. The proceeds, along with cash and other possible borrowings, will pay for the purchase even as antitrust scrutiny hangs over the deal.