Cincinnati-based grocery giant Kroger has executed new revolving credit facilities totalling US$1.95bn. The facilities consist of: a 364-day credit agreement in the amount of US$1.25bn, which replaces a similarly dated facility in the amount of US$812.5m that was due to expire this month; and a five-year credit facility for US$700m that replaces a US$1.875bn facility acquired by Kroger during its merger with Fred Meyer in 1999.