Kroger Co. has filed plans with the Securities and Exchange Commission to issue $1 billion in bonds.
The move comes just more than a week after Cincinnati-based Kroger agreed to acquire Matthews, N.C.-based Harris Teeter Supermarkets Inc. in a deal valued at $2.5 billion.
Kroger CFO Michael Schlotman said when Kroger announced the deal July 9 that it would issue debt in the public markets to pay for part of the deal. He said it would file with regulators in the next few weeks.
To read the rest of the story, please go to: Cincinnati Business Courier