Pricing Supplement No. 54 Filed Pursuant to
(To Prospectus dated July 6, 1993 Rule 424(b)(5)
and Prospectus Supplement dated File No. 33-64192
October 15, 1993)
Dated: May 20, 1994
THE KROGER CO.
General Term Notes (R), Series B
Due from Nine Months to 25 Years from Date of Issue
Aggregate Principal Amount: $262,000.00
Fixed or Variable Rate: Variable
Interest Rate:
If Fixed Rate Note:
Interest Rate: N/A
Interest Payment Date(s) (Monthly or Otherwise): N/A
If Variable Rate Note:
Base Rate: Treasury Constant Maturity 1-year as
published in the Federal Reserve Statistical Release
H.15(519) most immediately preceding the applicable
Interest Reset Date
Initial Interest Rate: 7.410%
Interest Reset Period(s): Quarterly
Interest Payment Date(s) (Monthly or Otherwise):
Quarterly on 03/15, 06/15, 09/15 and 12/15, Beginning
06/15/94
Interest Reset Date(s): Third Wednesday of each of
March, June, September and December
Spread, If Any: Plus 200 Basis Points (subject to the
applicable Minimum Interest Rate and Maximum Interest
Rate)
Maximum Interest Rate, If Any: 10.000%
Minimum Interest Rate, If Any: 6.000%
Stated Maturity Date: March 15, 2001
Purchase Price: 97.650% of Principal Amount
Issue Date: May 26, 1994
Optional Redemption by the Company:
Initial Optional Redemption Date: 03/15/97
Redemption Price(s): 03/15/97 and
thereafter - 100%
Applicable Premium(s), if any: None
Under the Credit Agreement, the Senior Lenders' consent may be
required prior to any optional redemption of the Notes. See
"DESCRIPTION OF THE CREDIT AGREEMENT-Certain Covenants-Prepayment
of Other Debt" in the Prospectus.
Principal Amount
of Notes
Agent to be Purchased
----- ----------------
Kemper Securities, Inc. $ 0.00
J.J.B. Hilliard, W.L. Lyons, Inc. 15,000.00
J. W. Korth & Company 247,000.00
--------------
Total $ 262,000.00
==============
Per Note Total
-------- -----
Prices to Public: 100.00% $262,000.00
Underwriter's Discount
or Commission 2.35% $6,157.00
Maximum Dealer's Discount or
Selling Concession: 1.75% $4,585.00
Proceeds to The Kroger Co.: 97.65% $255,843.00
CUSIP Number: 50104R-CF-5
Terms defined in the Prospectus and the Prospectus Supplement are
used in this Pricing Supplement as so defined.
(R) Registered service mark of J. W. Korth & Company
