Delhaize Group Announces the Launch of an Offer to the Public of 7-year Bonds in Belgium and the Grand Duchy of Luxembourg for a Minimum Amount of EUR 250 Million
(Thomson Reuters ONE) -
THIS ANNOUNCEMENT IS NOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.
BRUSSELS, Belgium, September 28, 2011 - Delhaize Group (Euronext Brussels: DELB
- NYSE: DEG), the Belgian international food retailer, announced today that it
will offer 7-year non subordinated bonds due 2018 (the "Bonds") for a minimum
amount of EUR 250 million. The Bonds will bear interest at a fixed annual gross
rate of 4.250%.
Pierre-Olivier Beckers, President and Chief Executive Officer of Delhaize Group
said: "This retail bond issue is the first in its kind for Delhaize Group and is
a great new opportunity for us to broaden our investor base as well as offer the
general public the opportunity to be part of the successful operations of a well
known brand. The proceeds from this issue will help fund the continued
implementation of our New Game Plan strategy aimed at accelerating top line and
profit growth whilst being a more efficient and sustainable operator, and will
for a part be used to re-finance existing debt recently acquired as part of the
Delta Maxi acquisition."
The Bonds will be offered via an offer to the public in Belgium and in the Grand
Duchy of Luxembourg (the "Bond Offering") with BNP Paribas Fortis acting as
global coordinator. BNP Paribas Fortis and KBC Bank act as joint lead managers
and joint bookrunners, and Dexia and ING Belgium are co-managers under the Bond
Offering (together, the "Managers"). The subscription period will start as of
September 30, 2011 (at 9:00 a.m.) Brussels time.
» Delhaize Group
Delhaize Group is a Belgian international food retailer present in eleven
countries on three continents. At the end of the second quarter of 2011,
Delhaize Group's sales network consisted of 2 842 stores. In 2010, Delhaize
Group posted EUR 20.8 billion (USD 27.6 billion) in revenues and EUR 574 million
(USD 762 million) in net profit (Group share). At the end of the second quarter
of 2011, Delhaize Group employed approximately 143 000 people. Delhaize Group's
stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange
(DEG).
This press release is available in English, French and Dutch. You can also find
it on the website http://www.delhaizegroup.com. Questions can be sent to
investor(at)delhaizegroup.com.
» Contacts
Geert Verellen: + 32 2 412 83 62
Aurélie Bultynck: + 32 2 412 83 61
Saskia Dheedene: + 32 2 412 96 11
Steven Vandenbroeke (media): + 32 2 412 86 69
Full press release in pdf format:
http://hugin.info/133961/R/1550228/477218.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Delhaize Group via Thomson Reuters ONE
[HUG#1550228]
Unternehmensinformation / Kurzprofil:
Datum: 28.09.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 69773
Anzahl Zeichen: 3653
contact information:
Town:
Brussels
Kategorie:
Business News
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