(To Prospectus dated May 20, 2022)
$1,000,000,000 4.600% Senior Notes due 2027
$1,400,000,000 4.650% Senior Notes due 2029
$1,300,000,000 4.900% Senior Notes due 2031
$2,200,000,000 5.000% Senior Notes due 2034
$2,100,000,000 5.500% Senior Notes due 2054
$1,500,000,000 5.650% Senior Notes due 2064
| | |
Initial public
offering price |
| |
Underwriting
discounts |
| |
Proceeds, before
expenses, to Kroger |
| |||||||||
Per 2026 note
|
| |
99.996%
|
| |
0.250%
|
| |
99.746%
|
| |||||||||
2026 notes Total
|
| | | $ | 999,960,000 | | | | | $ | 2,500,000 | | | | | $ | 997,460,000 | | |
Per 2027 note
|
| |
99.980%
|
| |
0.350%
|
| |
99.630%
|
| |||||||||
2027 notes Total
|
| | | $ | 999,800,000 | | | | | $ | 3,500,000 | | | | | $ | 996,300,000 | | |
Per 2029 note
|
| |
99.895%
|
| |
0.600%
|
| |
99.295%
|
| |||||||||
2029 notes Total
|
| | | $ | 1,398,530,000 | | | | | $ | 8,400,000 | | | | | $ | 1,390,130,000 | | |
Per 2031 note
|
| |
99.961%
|
| |
0.625%
|
| |
99.336%
|
| |||||||||
2031 notes Total
|
| | | $ | 1,299,493,000 | | | | | $ | 8,125,000 | | | | | $ | 1,291,368,000 | | |
Per 2034 note
|
| |
99.747%
|
| |
0.650%
|
| |
99.097%
|
| |||||||||
2034 notes Total
|
| | | $ | 2,194,434,000 | | | | | $ | 14,300,000 | | | | | $ | 2,180,134,000 | | |
Per 2054 note
|
| |
99.588%
|
| |
0.875%
|
| |
98.713%
|
| |||||||||
2054 notes Total
|
| | | $ | 2,091,348,000 | | | | | $ | 18,375,000 | | | | | $ | 2,072,973,000 | | |
Per 2064 note
|
| |
99.555%
|
| |
0.875%
|
| |
98.680%
|
| |||||||||
2064 notes Total
|
| | | $ | 1,493,325,000 | | | | | $ | 13,125,000 | | | | | $ | 1,480,200,000 | | |
Total
|
| | | $ | 10,476,890,000 | | | | | $ | 68,325,000 | | | | | $ | 10,408,565,000 | | |
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Prospectus Supplement
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Prospectus
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Treasury constant maturities — Nominal” (or any successor caption or heading). In determining the Treasury Rate, we shall select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the redemption date to the applicable Par Call Date (or, in the case of the 2026 notes, the maturity date of the 2026 notes) (the “Remaining Life”); or (2) if there is no such Treasury constant maturity on H.15 exactly equal to the Remaining Life, the two yields — one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury constant maturity on H.15 immediately longer than the Remaining Life — and shall interpolate to the applicable Par Call Date (or, in the case of the 2026 notes, the maturity date of the 2026 notes) on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal places; or (3) if there is no such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable, of such Treasury constant maturity from the redemption date.
Underwriter
|
| |
Principal
Amount of 2026 Notes |
| |
Principal
Amount of 2027 Notes |
| |
Principal
Amount of 2029 Notes |
| |
Principal
Amount of 2031 Notes |
| |
Principal
Amount of 2034 Notes |
| |
Principal
Amount of 2054 Notes |
| |
Principal
Amount of 2064 Notes |
| |||||||||||||||||||||
Citigroup Global Markets Inc.
|
| | | $ | 200,000,000 | | | | | $ | 200,000,000 | | | | | $ | 280,000,000 | | | | | $ | 260,000,000 | | | | | $ | 440,000,000 | | | | | $ | 420,000,000 | | | | | $ | 300,000,000 | | |
Wells Fargo Securities, LLC
|
| | | $ | 200,000,000 | | | | | $ | 200,000,000 | | | | | $ | 280,000,000 | | | | | $ | 260,000,000 | | | | | $ | 440,000,000 | | | | | $ | 420,000,000 | | | | | $ | 300,000,000 | | |
Mizuho Securities USA LLC
|
| | | $ | 92,090,000 | | | | | $ | 92,090,000 | | | | | $ | 128,926,000 | | | | | $ | 119,717,000 | | | | | $ | 202,598,000 | | | | | $ | 193,389,000 | | | | | $ | 138,135,000 | | |
Truist Securities, Inc.
|
| | | $ | 92,090,000 | | | | | $ | 92,090,000 | | | | | $ | 128,926,000 | | | | | $ | 119,717,000 | | | | | $ | 202,598,000 | | | | | $ | 193,389,000 | | | | | $ | 138,135,000 | | |
U.S. Bancorp Investments, Inc.
|
| | | $ | 92,090,000 | | | | | $ | 92,090,000 | | | | | $ | 128,926,000 | | | | | $ | 119,717,000 | | | | | $ | 202,598,000 | | | | | $ | 193,389,000 | | | | | $ | 138,135,000 | | |
Huntington Securities, Inc.
|
| | | $ | 54,550,000 | | | | | $ | 54,550,000 | | | | | $ | 76,370,000 | | | | | $ | 70,915,000 | | | | | $ | 120,010,000 | | | | | $ | 114,555,000 | | | | | $ | 81,825,000 | | |
J.P. Morgan Securities LLC
|
| | | $ | 54,550,000 | | | | | $ | 54,550,000 | | | | | $ | 76,370,000 | | | | | $ | 70,915,000 | | | | | $ | 120,010,000 | | | | | $ | 114,555,000 | | | | | $ | 81,825,000 | | |
MUFG Securities Americas Inc.
|
| | | $ | 54,550,000 | | | | | $ | 54,550,000 | | | | | $ | 76,370,000 | | | | | $ | 70,915,000 | | | | | $ | 120,010,000 | | | | | $ | 114,555,000 | | | | | $ | 81,825,000 | | |
PNC Capital Markets LLC
|
| | | $ | 54,550,000 | | | | | $ | 54,550,000 | | | | | $ | 76,370,000 | | | | | $ | 70,915,000 | | | | | $ | 120,010,000 | | | | | $ | 114,555,000 | | | | | $ | 81,825,000 | | |
RBC Capital Markets, LLC
|
| | | $ | 54,550,000 | | | | | $ | 54,550,000 | | | | | $ | 76,370,000 | | | | | $ | 70,915,000 | | | | | $ | 120,010,000 | | | | | $ | 114,555,000 | | | | | $ | 81,825,000 | | |
Fifth Third Securities, Inc.
|
| | | $ | 25,690,000 | | | | | $ | 25,690,000 | | | | | $ | 35,966,000 | | | | | $ | 33,397,000 | | | | | $ | 56,518,000 | | | | | $ | 53,949,000 | | | | | $ | 38,535,000 | | |
Academy Securities, Inc.
|
| | | $ | 9,880,000 | | | | | $ | 9,880,000 | | | | | $ | 13,832,000 | | | | | $ | 12,844,000 | | | | | $ | 21,736,000 | | | | | $ | 20,748,000 | | | | | $ | 14,820,000 | | |
Scotia Capital (USA) Inc.
|
| | | $ | 9,880,000 | | | | | $ | 9,880,000 | | | | | $ | 13,832,000 | | | | | $ | 12,844,000 | | | | | $ | 21,736,000 | | | | | $ | 20,748,000 | | | | | $ | 14,820,000 | | |
BNY Mellon Capital Markets, LLC
|
| | | $ | 5,530,000 | | | | | $ | 5,530,000 | | | | | $ | 7,742,000 | | | | | $ | 7,189,000 | | | | | $ | 12,166,000 | | | | | $ | 11,613,000 | | | | | $ | 8,295,000 | | |
Total
|
| | | $ | 1,000,000,000 | | | | | $ | 1,000,000,000 | | | | | $ | 1,400,000,000 | | | | | $ | 1,300,000,000 | | | | | $ | 2,200,000,000 | | | | | $ | 2,100,000,000 | | | | | $ | 1,500,000,000 | | |
Series of Notes
|
| |
%
|
| ||||
2026 notes
|
| | | | 0.150 | % | | |
2027 notes
|
| | | | 0.200 | % | | |
2029 notes
|
| | | | 0.350 | % | | |
2031 notes
|
| | | | 0.375 | % | | |
2034 notes
|
| | | | 0.400 | % | | |
2054 notes
|
| | | | 0.525 | % | | |
2064 notes
|
| | | | 0.525 | % | | |
Series of Notes
|
| |
%
|
| ||||
2026 notes
|
| | | | 0.100 | % | | |
2027 notes
|
| | | | 0.150 | % | | |
2029 notes
|
| | | | 0.250 | % | | |
2031 notes
|
| | | | 0.250 | % | | |
2034 notes
|
| | | | 0.250 | % | | |
2054 notes
|
| | | | 0.350 | % | | |
2064 notes
|
| | | | 0.350 | % | | |
| | |
Per 2026
Note |
| |
Per 2027
Note |
| |
Per 2029
Note |
| |
Per 2031
Note |
| |
Per 2034
Note |
| |
Per 2054
Note |
| |
Per 2064
Note |
| |
Total
|
| ||||||||||||||||||||||||
Underwriting discounts
|
| | | | 0.250% | | | | | | 0.350% | | | | | | 0.600% | | | | | | 0.625% | | | | | | 0.650% | | | | | | 0.875% | | | | | | 0.875% | | | | | $ | 68,325,000 | | |
Preferred Shares
Depositary Shares
Common Shares
Warrants
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1014 Vine Street
Cincinnati, Ohio 45202
(513) 762-4000
Attention: General Counsel