Delhaize Group Announces Consent Solicitation With Respect To 8.05% Notes Due 207 And 9.00% Debentures Due 2031
(Thomson Reuters ONE) -
BRUSSELS, Belgium, August 12, 2013 - Delhaize Group (Euronext Brussels: DELB,
NYSE: DEG), the Belgian international food retailer, announced today that its
subsidiary Delhaize America, LLC ("Delhaize America" or the "Issuer") has
commenced a consent solicitation with respect to proposed amendments ("Proposed
Amendments") to the indentures (the "Indentures") governing the Issuer's
$70,697,000 outstanding 8.05% Notes due 2027 (CUSIP No. 344775AC5) and
$271,406,000 outstanding 9.00% Debentures due 2031 (CUSIP Nos. 246688AF2 and
246688AB1) (collectively, the "Securities"), upon the terms and subject to the
conditions set forth in the Consent Solicitation Statement dated August
12, 2013 (the "Consent Solicitation Statement").
Delhaize America is soliciting consents from holders of record of the Securities
("Holders") as of 5:00 p.m., New York City time, on August 9, 2013 (such date
and time, the "Record Date"). The purpose of the Proposed Amendments is to amend
certain provisions in the Delhaize America Indentures to align them with the
corresponding provisions of the indentures under which Delhaize Group (Delhaize
America's ultimate parent company) has issued its debt securities. We plan to
issue any future long-term debt through Delhaize Group and to cease issuing
long-term debt through Delhaize America, which has not issued long-term debt
since 2001. Notwithstanding the Proposed Amendments, all other terms and
conditions to the Indentures will remain unchanged, including the existing
covenants restricting liens and sale and lease-back transactions.
The Proposed Amendments to the Indentures are described in detail in the Consent
Solicitation Statement. Holders of the Securities should carefully read and
consider the information in the Consent Solicitation Statement.
Delhaize America is offering a consent fee of $15.00 per $1,000 principal amount
of its Securities to Holders that validly provide their consent to the Proposed
Amendments by 5:00 p.m., New York City time on August 20, 2013. Delhaize
America's obligation to accept consents and pay a consent fee to consenting
Holders is subject to the conditions as set forth in the Consent Solicitation
Statement.
BofA Merrill Lynch is acting as the Solicitation Agent for the consent
solicitation. D.F. King & Co., Inc., is acting as the Information Agent and
Tabulation Agent. Questions concerning the terms of this solicitation should be
directed to BofA Merrill Lynch at (888) 292-0070 (U.S. Toll-Free) or (980)
683-3215 (Collect). Requests for assistance in completing the consent form or
requests for additional copies of the Consent Solicitation Statement should be
directed to D.F. King & Co., Inc. at (800) 967-7635 (U.S. Toll-Free) or (212)
269-5550 (Collect)or by email at Delhaize(at)dfking.com.
This announcement is for information purposes only and is neither an offer to
sell nor a solicitation of an offer to buy any Securities or any other
securities. This announcement is also not a solicitation of consents with
respect to the Proposed Amendments or any securities. The solicitation of
consents is not being made in any jurisdiction in which, or to or from any
person to or from whom, it is unlawful to make such solicitation under
applicable U.S. state or non-U.S. securities or "blue sky" laws.
Press release in pdf:
http://hugin.info/133961/R/1722323/573772.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#1722323]
Unternehmensinformation / Kurzprofil:
Datum: 12.08.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 286604
Anzahl Zeichen: 4437
contact information:
Town:
Brussels
Kategorie:
Business News
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