Delhaize to Refinance $1.1B Debt

Taking advantage of its newly upgraded creditworthiness, Delhaize Group said last week it plans to raise about $1.1 billion through private debt placements and use the proceeds to retire the same amount in existing debt. The refinancing plan comes shortly after Delhaize was upgraded to investment-grade status by major rating agencies Moody's Investors Service and Standard & Poor's. The

BRUSSELS — Taking advantage of its newly upgraded creditworthiness, Delhaize Group here said last week it plans to raise about $1.1 billion through private debt placements and use the proceeds to retire the same amount in existing debt.

The refinancing plan comes shortly after Delhaize was upgraded to investment-grade status by major rating agencies Moody's Investors Service and Standard & Poor's. The rating changes signaled confidence in the financial and operational impro

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