Delhaize Completes Debt Refinancing

Delhaize Group said Thursday that its Delhaize America subsidiary had completed the repurchase of $1.1 billion in notes with funds generated from new note placements also completed this week.

BRUSSELS — Delhaize Group here said Thursday that its Delhaize America subsidiary had completed the repurchase of $1.1 billion in notes with funds generated from new note placements also completed this week. “This tender offer and related refinancing have improved substantially our financial flexibility and debt profile,” Pierre-Olivier Beckers, president and chief executive officer of Delhaize, said in a statement. The tender offer comprised senior notes due in 2011 and other debts due in 20

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