Ahold Delhaize: interest in tender offer exceeds deal size
(CercleFinance.com) - Investors' interest for Ahold Delhaize's cash tender offer on its senior notes due in 2040 has exceeded the original deal size, the Dutch retailer said on Tuesday.
On 3 December, the company had received an aggregate amount of 493.1 million dollars of notes that were validly tendered.
However, Ahold Delhaize previously announced that the offer was for a maximum of 350 million dollars of its 5.70% senior notes due in 2040 and originally issued by Delhaize.
Because the aggregate amount of notes tendered as of 3 December exceeded the maximum amount, the notes will be accepted for purchase on a pro-rata basis, the group said.
This also means that the company will not accept to buy any additional notes after 3 December, it added.
The offer was set to expire on 17 December.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
On 3 December, the company had received an aggregate amount of 493.1 million dollars of notes that were validly tendered.
However, Ahold Delhaize previously announced that the offer was for a maximum of 350 million dollars of its 5.70% senior notes due in 2040 and originally issued by Delhaize.
Because the aggregate amount of notes tendered as of 3 December exceeded the maximum amount, the notes will be accepted for purchase on a pro-rata basis, the group said.
This also means that the company will not accept to buy any additional notes after 3 December, it added.
The offer was set to expire on 17 December.
Copyright (c) 2018 CercleFinance.com. All rights reserved.