BRUSSELS — Delhaize Group said Thursday it would issue $300 million in new debt in part to fund the repurchase of debts in Europe. The new notes, expected to be issued next week, are subject to customary closing conditions, and will contain a change of control provision allowing holders to require Delhaize Group to repurchase the notes at 101% of their aggregate principal amount in certain circumstances. The 4.125% notes would mature in April, 2019.
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.