date:Jul 10, 2013
Although the ratio will increase at the time the merger closes, Kroger expects to allocate some free cash flow to debt reduction to re-establish and maintain its 2.00 to 2.20 net debt to EBITDA ratio over the next 18-24 months. Kroger is committed to maintaining its current investment grade credit rating.
Kroger expects to achieve annual cost savings of approximately $40-50 million over the next 3-4 years.
Together, the company will operate 2,631 supermarkets and employ more than 368,300 asso