Kroger Files Material Definitive Agreement 8-K

Ticker: KR · Form: 8-K · Filed: Oct 9, 2024 · CIK: 56873

Kroger CO 8-K Filing Summary
FieldDetail
CompanyKroger CO (KR)
Form Type8-K
Filed DateOct 9, 2024
Risk Levelmedium
Pages3
Reading Time4 min
Key Dollar Amounts$1.00, $2.25 billion, $750 million
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, filing

Related Tickers: KR

TL;DR

Kroger signed a big deal, details TBD.

AI Summary

On October 8, 2024, The Kroger Co. filed an 8-K report detailing a material definitive agreement. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures in the provided text.

Why It Matters

This filing indicates Kroger has entered into a significant contract, which could impact its business operations, partnerships, or financial standing.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and potential impact of the agreement.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement Kroger Co. entered into?

The provided 8-K filing states that there was an 'Entry into a Material Definitive Agreement' on October 8, 2024, but does not specify the details of the agreement itself.

Who is the counterparty to this material definitive agreement?

The filing does not disclose the name of the other party involved in the material definitive agreement.

Are there any financial terms or dollar amounts associated with this agreement mentioned in the filing?

No specific financial terms or dollar amounts related to the material definitive agreement are provided in the text of this 8-K filing.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on October 8, 2024.

What is Kroger Co.'s principal executive office address?

Kroger Co.'s principal executive offices are located at 1014 Vine Street, Cincinnati, OH 45202.

Filing Stats: 884 words · 4 min read · ~3 pages · Grade level 11.9 · Accepted 2024-10-09 17:16:23

Key Financial Figures

Filing Documents

01

Item 1.01 Entry into a Material Definitive Agreement. On October 8, 2024, The Kroger Co. ("the Company") entered into an amendment (the "RCF Amendment") to its Credit Agreement, dated as of September 13, 2024 (the "Revolving Credit Agreement"), by and among the Company, the lenders from time to time party thereto, Wells Fargo Bank, National Association and Citibank, N.A., as co-administrative agents, and Wells Fargo Bank, National Association, as paying agent, pursuant to which (i) the definition of "Acorn Closing Date Additional Commitment Termination Date" was amended such that the additional $2.25 billion of commitments to be made available under the Revolving Credit Agreement upon the closing of the previously announced merger of a subsidiary of the Company with and into Albertsons Companies, Inc. ("ACI"), with ACI surviving the merger as a wholly owned subsidiary of the Company (the "Merger"), pursuant to that certain Agreement and Plan of Merger, dated as of October 13, 2022 (the "Merger Agreement"), among the Company, Kettle Merger Sub, Inc. and Albertsons Companies, Inc., would not terminate on the "Outside Date" under and as defined in the Merger Agreement and (ii) the definition of "Certain Funds Termination Date" was amended such that the ability of the Company to draw $750 million of loans on the closing date of the Merger to fund a portion of the consideration therefor would not terminate on the "Outside Date" under and as defined in the Merger Agreement. On October 8, 2024, the Company also entered into an amendment (the "Term Loan Amendment" and, together with the RCF Amendment, the "Amendments") to its Term Loan Credit Agreement, dated as of November 9, 2022 (as amended by Amendment No. 1 to Credit Agreement, dated as of July 26, 2024, and as further amended by Amendment No. 2 to Credit Agreement, dated as of September 13, 2024, the "Term Loan Agreement") by and among the Company, the lenders from time to time party thereto and Citibank, N.A., as

Financial Statements

Financial Statements and Exhibits (d) Exhibits 10.1 Amendment No. 1 to Credit Agreement, dated as of October 8, 2024, by and among the Company, the lenders party thereto, Wells Fargo Bank, National Association and Citibank, N.A., as co-administrative agents, and Wells Fargo Bank, National Association, as the paying agent, to the Credit Agreement, dated as of September 13, 2024. 10.2 Amendment No. 3 to Term Loan Credit Agreement, dated as of October 8, 2024, by and among the Company, the lenders party thereto and Citibank, N.A., as administrative agent, to the Term Loan Credit Agreement, dated as of November 9, 2022 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE KROGER CO. By: /s/ Christine S. Wheatley Name: Christine S. Wheatley Title: Senior Vice President, General Counsel and Secretary Date: October 9, 2024

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