Kroger Extends Expiration Date of Exchange Offers and Consent Requests for Albertsons Co. Notes

WASHINGTON (dpa-AFX) – Kroger Co. (KR) announced Thursday that it has extended the maturity date of its previously announced offers to exchange all of the outstanding notes of Albertsons Companies, Inc. (ACI), New Albertsons, LP, Safeway Inc., Albertson’s, Albertsons Safeway and American Stores Company, as applicable, for an aggregate amount of approximately $7.4 billion in new notes to be issued by the company and cash.

In addition, the supermarket chain has extended the expiration date for the related consent solicitations to adopt certain proposed amendments to the indentures governing the ACI Notes, solely with respect to the Unconsented Series. The company has extended this expiration date from September 27 to October 3.

The company expects settlement of the exchange offers and consent solicitations to occur promptly upon the expiration date and on or immediately following the closing date of the merger with Albertsons, which is expected to close in the fourth quarter.

Currently, Kroger shares are down 0.46 percent to $56.35 on the New York Stock Exchange.

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