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KROGER TO REDEEM $50 MILLION OF SUBORDINATED DEBENTURES

 KROGER TO REDEEM $50 MILLION OF SUBORDINATED DEBENTURES
 CINCINNATI, May 5 /PRNewswire/ -- The Kroger Co. (NYSE: KR) said it is notifying trustees of its subordinated and senior subordinated debentures that it intends to redeem $50 million of its 13-1/8 percent Subordinated and 12-7/8 percent Senior Subordinated debentures. Holders affected will be notified by the trustees within the next 10 business days.
 Kroger said it is redeeming $40 million of the 13-1/8 percent debentures at a price of 109.375 percent and $10 million of the 12-7/8 percent Senior Subordinated debentures at 108.575 percent. As of today (May 5), $330.5 million of the 13-1/8 percent debentures and $239.3 million of the 12-7/8 percent senior bonds were outstanding.
 Kroger received authorization from the board of directors in January to redeem up to $100 million of the two debt issues under the redemption provisions of the securities' indentures. In that regard, Kroger's board in April authorized an increase to $250 million in the amount of the two issues that can be redeemed.
 Kroger's board has also authorized the company to file a shelf registration for up to $500 million of new debt securities.
 -0- 5/5/92
 /CONTACT: Paul Bernish (media), 513-762-1304, or Pam Taylor, (investor), 513-762-4969, both of The Kroger Co./
 (KR) CO: The Kroger Company ST: Ohio IN: REA SU:


KK -- CL005 -- 6406 05/05/92 09:26 EDT
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Publication:PR Newswire
Date:May 5, 1992
Words:237
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