Safeway Inc. Announces Extension of Offer to Purchase Senior Notes Due 2019, 2020 and 2021
(firmenpresse) - PLEASANTON, CA -- (Marketwired) -- 01/12/15 -- Safeway Inc. (NYSE: SWY) ("Safeway") today
announced that it is extending the expiration of its offer to purchase (the
"Offer") any and all of the outstanding series of senior notes described in
the table below (the "Senior Notes"). The Offer was previously extended on
January 5, 2015, after which, it was scheduled to expire at 5:00 p.m., New
York City time, on January 12, 2015, and is now being further extended
until 5:00 p.m., New York City time, on January 22, 2015, unless further
extended or withdrawn by Safeway. All other terms and conditions of the
Offer remain as set forth in the Change of Control Notice and Offer to
Purchase dated December 3, 2014.
The depositary for the Offer has advised Safeway that as of 5:00 p.m., New
York City time, on January 12, 2015, approximately $227,357,000 principal
amount, or 45.47% of the outstanding principal amount, of the 2019 Senior
Notes, $365,345,000 principal amount, or 73.07% of the outstanding
principal amount, of the 2020 Senior Notes and $272,030,000 principal
amount, or 68.01% of the outstanding principal amount, of the 2021 Senior
Notes had been validly tendered and not validly withdrawn pursuant to the
Offer. Holders who have already tendered their Senior Notes do not have to
re-tender their Senior Notes or take any other action as a result of the
extension of the previous expiration date of the Offer and may withdraw
tendered Senior Notes at any time prior to 5:00 p.m., New York City time,
on January 22, 2015.
Requests for documents and questions regarding the procedures for tendering
of Senior Notes may be directed to D.F. King & Co. Inc. at (866) 751-6309.
This announcement is for information purposes only and is neither an offer
to sell nor a solicitation of an offer to buy any security. No
recommendation is being made as to whether holders of Senior Notes should
tender their Senior Notes. The offer to purchase 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 offer under applicable state or foreign securities or
"blue sky" laws.
Safeway Inc. is a Fortune 100 company and one of the largest food and drug
retailers in North America based on sales. Safeway operates 1,326 stores in
the United States and had annual sales of $35.1 billion in 2013.
This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements are indicated
by words or phrases such as "expects," "will," "plans," "intends,"
"committed to," "estimates" and "is." No assurance can be given that any of
the events anticipated by the forward-looking statements will transpire or
occur. Accordingly, actual results may differ materially and adversely from
those expressed in any forward-looking statements. Neither Safeway nor any
other person can assume responsibility for the accuracy and completeness of
forward-looking statements. There are various important factors that could
cause actual results to differ materially from those in any such forward-
looking statements, many of which are beyond Safeway's control. These
factors include: failure to obtain, delays in obtaining or adverse
conditions contained in any required regulatory or other approvals; failure
to consummate or delay in consummating the transactions described herein
for any other reasons; changes in laws or regulations; and changes in
general economic conditions. Safeway undertakes no obligation (and
expressly disclaims any such obligation) to publicly update or revise any
forward-looking statement, whether as a result of new information, future
events or otherwise. For additional information please refer to Safeway's
most recent Form 10-K, 10-Q and 8-K reports filed with the Securities and
Exchange Commission.
Contact:
Christiane Pelz
(925) 467-3832
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 12.01.2015 - 23:25 Uhr
Sprache: Deutsch
News-ID 363840
Anzahl Zeichen: 0
contact information:
Town:
PLEASANTON, CA
Kategorie:
Retailers
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