Whole Foods seeking $1B in debt offering

Whole Foods seeking $1B in debt offering

Whole Foods Market said it was seeking to raise $1 billion in a debt offering — twice the amount it previously intended to raise.

The Austin, Texas-based retailer said it intended to use proceeds from the offering for general corporate purposes including a previously disclosed authorization to repurchase up to $1 billion in its stock.

The offering was assigned a ‘BBB’ issue-level rating Monday by Standard

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