Delhaize Group Announces Debt Tender Offer Results and Completes Pricing of Senior Notes
(Thomson Reuters ONE) -
BRUSSELS, Belgium, April 4, 2012 - Delhaize Group (Euronext Brussels: DELB,
NYSE: DEG), the Belgian international food retailer, announced today the results
of a tender offer to qualifying holders for cash prior to maturity of up to EUR
300 million aggregate principal amount of its outstanding 5.625% Senior Notes
due 2014 (the "Notes"), plus accrued and unpaid interest and premium amounts
(the "Offer"). Delhaize Group also announced that it has completed the pricing
of USD 300 million of Senior Notes due 2019, at an annual coupon of 4.125% (the
"New Notes"), to be issued at 99.807% of their principal amount. The net
proceeds of the issuance will be used in part to fund Delhaize Group's
repurchase in the Offer. Any remaining net proceeds from the sale of the New
Notes are expected to be used for general corporate purposes.
Debt Tender Offer Results
The Offer commenced on March 22, 2012 expired on 2 April 2012 at 4.00 p.m.
(London time).
EUR 191 067 000 in nominal amount of the Notes were validly offered for sale to
Delhaize Group pursuant to the Offer. Delhaize Group has accepted for purchase
an aggregate nominal amount of EUR 191 067 000 of the Notes at a purchase price
of 108.079 per cent. The purchase price, together with accrued interest, will be
paid to qualifying holders whose Notes have been accepted for purchase on or
about 10 April 2012. Following completion of the Offer, an aggregate nominal
amount of EUR 308 933 000 of the Notes will remain outstanding.
The purpose of the Offer is to manage the debt maturity profile of Delhaize
Group. The Offer was made only outside the United States, and no tenders from
the United States were accepted. Any Notes purchased by Delhaize Group pursuant
to the Offer will be cancelled and will not be reissued or resold.
Issuance of the New Notes
The New Notes will be issued by Delhaize Group, which is currently rated Baa3 by
Moody's Investors Service, Inc. and BBB- by Standard and Poor's Ratings Services
(both with a stable outlook). The New Notes will contain a change of control
provision allowing their holders to require Delhaize Group to repurchase the New
Notes at 101% of their aggregate principal amount in certain circumstances. In
addition to the New Notes that will be issued, Delhaize Group issued EUR 400
million of retail bonds in October 2011 that contained a change of control
provision approved by the general meeting of shareholders dated 26 May 2011.
This offering of the New Notes is being made to qualified investors pursuant to
an effective registration statement filed by Delhaize Group with the U.S.
Securities and Exchange Commission (SEC). The New Notes will not be listed on
any stock exchange. The New Notes are expected to be issued on April 10, 2012,
subject to customary closing conditions.
» Delhaize Group
Delhaize Group is a Belgian international food retailer present in eleven
countries on three continents. At the end of 2011, Delhaize Group's sales
network consisted of 3 408 stores. In 2011, Delhaize Group posted
EUR 21.1 billion (USD 29.4 billion) in revenues and EUR 475 million (USD 661
million) in net profit (Group share). At the end of 2011, Delhaize Group
employed approximately 160 000 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
Chris Farrell: + 32 2 412 75 71
Aurélie Bultynck: + 32 2 412 83 61
Steven Vandenbroeke (media): +32 2 412 86 69
Amy Shue (U.S. investors): +1 704 633 82 50 (ext. 2529)
DISCLAIMER
This press release shall not constitute an offer to sell, or the solicitation of
an offer to buy, Delhaize Group's senior notes or any other securities, nor
shall there be any sale of securities mentioned in this press release in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction.
Press release in pdf format:
http://hugin.info/133961/R/1599987/504955.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#1599987]
Unternehmensinformation / Kurzprofil:
Datum: 04.04.2012 - 08:03 Uhr
Sprache: Deutsch
News-ID 131922
Anzahl Zeichen: 5448
contact information:
Town:
Brussels
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 200 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Delhaize Group Announces Debt Tender Offer Results and Completes Pricing of Senior Notes"
steht unter der journalistisch-redaktionellen Verantwortung von
Delhaize Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
