Business

Kroger plans $1.2 billion debt offering

(Reuters) – U.S. supermarket chain Kroger Co (KR.N) said on Tuesday it plans to raise $1.2 billion through a debt offering, according to a U.S. regulatory filing bit.ly/2QxmZAN.

The company said it would offer two series of notes worth $600 million each due January 2029 and January 2049 and use part of the proceeds to refinance long-term debt.

(This story corrects headline and paragraph 1 to say company plans to raise $1.2 billion, not $600 million)

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