Delhaize Group unit's extended consent solicitation fails, expires

By Lisa Kerner

Charlotte, N.C., Aug. 28 - Delhaize Group subsidiary Delhaize America, LLC failed to get the necessary consents in its extended consent solicitation to amend its $70,697,000 outstanding 8.05% notes due 2027 and $271,406,000 outstanding 9% debentures due 2031, according to information agent D.F. King & Co., Inc.

The consent fee of $15.00 per $1,000 principal amount of notes will not be paid in the failed offer.

As previously reported, Delhaize extended the solicitation to 5 p.m. ET on Aug. 23 from 5 p.m. ET on Aug. 20 for holders of record as of 5 p.m. ET on Aug. 9.

The solicitation began Aug. 12.

Delhaize America had been soliciting consents to amend provisions in the note indentures to align them with the corresponding provisions of the indentures under which Delhaize Group, the company's ultimate parent company, has issued its debt securities.

Delhaize is a food retailer based in Brussels.

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