Ahold Delhaize successfully priced a 7-year €500 million senior bond issue
26 März 2020 - 6:00PM
Ahold Delhaize successfully priced a 7-year €500 million senior
bond issue
Zaandam, the Netherlands, March 26, 2020 –
Koninklijke Ahold Delhaize N.V. announced today that it has
successfully launched and priced €500 million fixed rate bonds due
in 2027.
The 7-year fixed rate bonds will bear a coupon
of 1.75% per annum and were issued at a price of 99.44 per cent of
the nominal value.
The senior unsecured offering is expected to be
assigned BBB/Baa1 credit ratings by S&P and Moody’s
respectively. The bonds were placed with a broad range of
institutional investors across Europe.
The settlement of the bond issue will take place
on April 2, 2020. The net proceeds from the offering will be
applied for the refinancing of debt and for general corporate
purposes.
BNP PARIBAS, Goldman Sachs International, J.P.
Morgan Securities plc and Merrill Lynch International acted as
joint lead managers. The bonds will be listed on Euronext
Amsterdam.
Cautionary noticeThis communication is not for
release, distribution or publication, whether directly or
indirectly and whether in whole or in part, into or in the United
States, Australia, Canada or Japan or any (other) jurisdiction
where any of such activities would constitute a violation of the
relevant laws of such jurisdiction.
The offer of bonds referred to in this communication was limited
to qualified investors only. The bonds have not been and will not
be registered under the US Securities Act of 1933, as amended
(the “US Securities Act”) and will also not be registered with
any authority competent with respect to securities in any state or
other jurisdiction of the United States of America. The bonds may
not be offered or sold in the United States of America without
either registration of the securities or an exemption from
registration under the US Securities Act being applicable.
This communication includes forward-looking statements. All
statements other than statements of historical facts may be
forward-looking statements. Words such as due,
will or other similar words or expressions are typically used
to identify forward-looking statements.
Forward-looking statements are subject to risks, uncertainties
and other factors that are difficult to predict and that may
cause actual results of Koninklijke Ahold Delhaize N.V. (the
“Company”) to differ materially from future results expressed
or implied by such forward-looking statements. Such factors
include, but are not limited to, the risk factors set forth in
the Company’s public filings and other disclosures.
Forward-looking statements reflect the current views of the
Company’s management and assumptions based on information currently
available to the Company’s management. Forward-looking
statements speak only as of the date they are made and the Company
does not assume any obligation to update such statements,
except as required by law.
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