The company intends to use the proceeds to fund a portion of the consideration for its acquisition of Albertsons 

Davis Polk advised the representatives of the underwriters in connection with a $10.5 billion SEC-registered debt offering by The Kroger Company, consisting of $1 billion of its 4.700% notes due 2026, $1 billion of its 4.600% notes due 2027, $1.4 billion of its 4.650% notes due 2029, $1.3 billion of its 4.900% notes due 2031, $2.2 billion of its 5.000% notes due 2034, $2.1 billion of its 5.500% notes due 2054 and $1.5 billion of its 5.650% notes due 2064. Kroger intends to use the net proceeds from the offering to fund a portion of the cash consideration for its previously announced acquisition of Albertsons Companies, Inc.

Kroger was founded in 1883. The company is built on the foundation of its retail grocery business, which includes the added convenience of its retail pharmacies and fuel centers.

Albertsons is a leading food and drug retailer in the United States, with both strong local presence and national scale. Albertsons also manufactures and processes some of the food for sale in its stores.

The Davis Polk capital markets team included partner Roshni Banker Cariello and associates Robert MacKenzie, Maggie Li and Matthew L. Hulse. The tax team included partner Kara L. Mungovan and associates Michelle Zhao and Jeff Metzger. Partner Frank J. Azzopardi and associate Joshua Shirley provided intellectual property advice. Counsel Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

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