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KROGER DIRECTORS AUTHORIZE CALL OF UP TO $100 MILLION OF HIGH-YIELD DEBT

 KROGER DIRECTORS AUTHORIZE CALL OF
 UP TO $100 MILLION OF HIGH-YIELD DEBT
 CINCINNATI, Feb. 19 /PRNewswire/ -- The Kroger Co. (NYSE: KR) said today that its Board of Directors has authorized the Company to call up to $100 million of its high-yield debt under the redemption provisions of the indentures. Those provisions allow the Company to apply the proceeds from sources other than low cost borrowings, such as asset sales and equity offerings, to redeem the securities.
 Kroger said that from time to time, it will notify the trustees of its Senior Subordinated and Subordinated debt issues to redeem certain dollar amounts of those issues. The redemption prices are 108.575 percent and 109.375 percent, respectively, on bonds redeemed prior to Jan. 15, 1993.
 Kroger said it will be redeeming portions of the issues as part of its financial deleveraging strategy. Kroger issued $625 million of the 12-7/8 percent Senior Subordinated Debentures and $625 million of the 13-1/8 percent Subordinated Debentures in January, 1989. Approximately $526 million of the 12-7/8 percent securities and $551 million of the 13-1/8 percent securities are outstanding.
 -0- 2/19/92
 /CONTACT: Paul Bernish, 513-762-1304, or Pam Taylor, Investor Analysts, 513-762-4969, both of The Kroger Co./
 (KR) CO: The Kroger Co. ST: Ohio IN: REA SU:


CG -- CL007 -- 0421 02/19/92 11:37 EST
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Publication:PR Newswire
Date:Feb 19, 1992
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