Kroger expected to price seven-part bond deal that may be the biggest of the year https://t.co/gn0tJfHdjZ
Kroger offers $10.5 billion in bonds to help pay for Albertsons merger https://t.co/TaQdmmQSnU
Kroger readies pricing of seven-part bond offering https://t.co/MsJmJ8GCJ7
Kroger is moving forward with its acquisition of Albertsons, a deal that could significantly reshape the grocery industry. To finance this merger, Kroger is entering the US investment-grade market with a substantial bond offering. The company has announced a seven-part bond deal worth $10.5 billion, which is expected to be one of the largest corporate bond deals of the year. In addition to securing funding, Kroger has pledged to reduce grocery prices by $1 billion if the merger is approved, a move aimed at alleviating consumer concerns and skepticism from Wall Street.