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KROGER CO., Cincinnati, said it will use bank borrowings to redeem the entire outstanding balances -- totaling approximately $142 million -- of two bond issues at 104.875% of their face value, plus accrued interest. The redemption, scheduled for Feb. 15, will involve the chain's 9.75% senior subordinated debentures and its 9.75% senior subordinated debentures, Series B, both due in 2004.DRUG CENTERS,

KROGER CO., Cincinnati, said it will use bank borrowings to redeem the entire outstanding balances -- totaling approximately $142 million -- of two bond issues at 104.875% of their face value, plus accrued interest. The redemption, scheduled for Feb. 15, will involve the chain's 9.75% senior subordinated debentures and its 9.75% senior subordinated debentures, Series B, both due in 2004.

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