Delhaize to Issue $300M Debt Offering

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.