Kroger Announces Amended and Restated $2 Billion Revolving Credit Facility

The Kroger Co. KR announced today that it has amended and restated its $2.0 billion revolving credit facility originally negotiated in November, 2010. The amended facility will expire in January, 2017. The facility is used for general corporate purposes, including commercial paper backstop. Twenty-four financial institutions will participate in the facility. The bank group is led by Bank of America and Citibank as administrative and syndication agents, respectively. The group also includes The Royal Bank of Scotland, U.S. Bank and Wells Fargo Bank as co-documentation agents.