Last Refreshed: 4/25/2024 4:59:18 AM
Press release

Delhaize Group completes pricing of new bonds

BRUSSELS, Belgium, November 21, 2012 Delhaize Group (Euronext Brussels: DELB, NYSE: DEG), the Belgian international food retailer, announced that it has completed the pricing of €400 million of Senior Fixed Rate Bonds due 2020, at an annual coupon of 3.125% (the “New Bonds”), to be issued at 99.709% of their principal amount.

The net proceeds of the issuance will be used in part to fund Delhaize Group’s repurchase of Euro Notes and Dollar Notes (defined below) in its (i) tender offer to qualifying holders for cash prior to maturity of up to €100 million in aggregate principal amount of its outstanding €308,933,000 5.625% Senior Notes due 2014 (the “Euro Notes”), plus accrued and unpaid interest and premium amounts (the “Euro Tender Offer”) and (ii) tender offer for cash for any and all of its outstanding $300 million 5.875% Senior Notes due 2014 (the “Dollar Notes”), plus accrued and unpaid interest and premium amounts (the “Dollar Tender Offer”).