BB&T Capital Markets Serves as Joint-Bookrunner for The Kroger Co. $600 Million 4.50% Offering of Senior Notes due 2029
BB&T Capital Markets serves as joint-bookrunner for The Kroger Co. $600 million 4.50% offering of senior notes due 2029.
Proceeds from the offering are being used to repay existing debt and for general corporate purposes.
About the Companies
The Kroger Co., together with its subsidiaries, operates as a retailer worldwide. The Company also manufactures and processes food for sale in its supermarkets. The Company 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 February 3, 2018, directly or through subsidiaries Kroger operated approximately 2,782 retail food stores, 2,268 pharmacies, 1,489 supermarket fuel centers, 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.