1. Market Data
September 29, 2016

Deals this week: The Kroger Company, Refash, FreshDirect

US-based grocery retailer The Kroger Company has announced three public offerings of notes due 2019, 2026 and 2046, for respective gross proceeds of $500m, $750m and $500m.

US-based grocery retailer The Kroger Company has announced three public offerings of notes due 2019, 2026 and 2046, for respective gross proceeds of $500m, $750m and $500m.

The notes due 2019 bear an interest rate of 1.5% a year, whereas those due 2026 bear 2.65% a year and those due 2046 bear 3.875% a year.

"Kroger plans to utilise the funds to re-finance long-term debts and for general corporate purposes."

Kroger plans to utilise the funds to re-finance long-term debts and for general corporate purposes.

Refash has secured seed funding of $294,000 through Tri5 Ventures.

Both based in Singapore, Refash is an online retailer of new and used apparel for girls, whereas Tri5 Ventures is a venture capital firm.

Refash plans to use the funds to improve its technology.

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Online food and grocery retailer FreshDirect has raised $189m through a funding round led by J.P. Morgan Asset Management Inc. The funds were raised through J.P. Morgan’s fund PEG Digital Growth Fund II L.P.

Both the firms involved in the deal are based in the US.

FreshDirect plans to use the funds to launch new businesses, expand into new markets and increase its manufacturing and distribution facilities.