July 17, 2017 / 1:12 PM / 10 days ago

Kroger to make $1 bln contribution to its benefit plans

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July 17 (Reuters) - Kroger Co, the biggest U.S. supermarket operator, said on Monday it would make a contribution of up to $1 billion to its benefit plans to address the under-funded position of the plan.

The company will issue debt to pay for the funding of the pension liability, Kroger said in a regulatory filing, adding that its overall balance sheet obligations will not change. (bit.ly/2u0MKRP) (Reporting by Divya Grover in Bengaluru; Editing by Shounak Dasgupta)

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