Business News

Delhaize Group Completes Pricing of Senior Notes

Wednesday 28. January 2009 - Delhaize Group (Euronext Brussels: DELB, NYSE: DEG), the Belgian international food retailer, announced today that it has completed the pricing of USD 300 million of Senior Notes, at an annual rate of 5.875% due 2014, to be issued at 99.667% of their principal amount. The net proceeds of the issuance will be used for general corporate purposes, including the payment of maturing debt.

The Notes will be issued by Delhaize Group SA/NV, which is currently rated Baa3 by Moody’s and BBB- from Standard and Poor’s (both with a stable outlook). The Notes will contain a change of control provision allowing their holders to require Delhaize Group SA/NV to repurchase their Notes at 101% of their aggregate principal amount.
This offering of the Notes is being made to qualified investors pursuant to an effective registration statement filed by Delhaize Group with the U.S. Securities and Exchange Commission (SEC). The Notes will not be listed on any stock exchange. The offering of the Notes is expected to close on February 2, 2009, subject to customary closing conditions.