Delhaize Group : Delhaize Group Announces Consent Solicitation With Respect To
8.05% Notes Due 207 And 9.00% Debentures Due 2031
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
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
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@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
This announcement is distributed by Thomson Reuters on behalf of Thomson
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
information contained therein.
Source: Delhaize Group via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.