Belgian food retailer Delhaize has completed the pricing of US$300m of senior notes.
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The notes, purchased at an annual rate of 5.875% due 2014, to be issued at 99.667% of their principal amount, will be used for general corporate purposes, including the payment of maturing debt, the company said.
The notes will be issued by Delhaize Group SA/NV. The company said it expects the offering to close on 2 February, subject to customary closing conditions.
Earlier this month, the company posted a 3.9% rise in annual underlying sales but said it would close seven stores in the US and sell four outlets in Germany this year.
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