Delhaize Announces Debt Refinancing Plan

BRUSSELS — Delhaize Group here said Wednesday it would seek to raise around $1.1 billion through private debt placements, and then use the proceeds to retire about the same amount of existing debt.

BRUSSELS — Delhaize Group here said Wednesday it would seek to raise around $1.1 billion through private debt placements, and then use the proceeds to retire about the same amount of existing debt. The refinancing plan comes shortly after Delhaize implemented a cross-guarantee between itself and its Delhaize America subsidiary and attained investment-grade ratings from Standard & Poor’s and Moody’s Investors Service. Delhaize America offered to buy back up to $1.1 billion in outstanding 8

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