Delhaize accepts tenders for €191.07 million 5.625% notes due 2014

By Jennifer Chiou

New York, April 4 - Delhaize Group announced that it accepted tenders for €191,067,000 of its 5.625% senior notes due 2014 in the offer for up to €300 million of the notes.

The offer ended on April 2.

The company said that it will pay a purchase price of 108.079 of par plus accrued interest.

Any notes purchased by the group under the offer will be canceled, and €308,933,000 of the notes will remain outstanding following settlement.

In connection with the offer, Delhaize priced $300 million of new 4.125% senior notes due 2019 at 99.807, the partial proceeds of which will go toward funding the offer.

The purpose of the offer was to manage the company's debt maturity profile, according to a news release.

The offer was made only outside the United States, and no tenders from the United States were accepted.

Delhaize is a food retailer based in Brussels. It launched the offer on March 22.

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