BB&T Capital Markets Serves as Joint-Bookrunner for The Kroger Company's $500 Million 4.650% Offering of Senior Notes due 2048
On July 17, 2017, BB&T Capital Markets served as a Joint-Bookrunner for an offering of $500 million 4.650% senior unsecured notes due 2048 by Kroger.
Proceeds from the offering are being used to refinance August 2017 notes, contribute to the Company’s defined benefit plan, and for general corporate purposes.
About the Companies
The Kroger Co., together with its subsidiaries, operates as a retailer worldwide. The Company manufactures and processes food for sale in its supermarkets. Kroger operates supermarkets and multi-department stores under two dozen banners, including Kroger, City Market, Dillon’s, Food 4 Less, Fred Meyer, Fry’s, Harris Teeter, Jay C, King Soopers, QFC, Ralphs, and Smith’s. As of November 5, 2016, directly or through subsidiaries Kroger operated approximately 2,796 retail food stores, 2,253 pharmacies, 787 convenience stores, 1,431 supermarket fuel centers, 324 fine jewelry stores, an online retailer and 38 food production plants in the United States.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.