Belgian supermarket operator Delhaize has announced that its US subsidiary will buy back US$1.1bn of its debt.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Delhaize intends to purchase notes due in 2011 and 2027 and debentures due on 2031. The retail group said it will launch its tender offer today (30 May).


The move will be financed through the issue of new securities, Delhaize said in a statement. The company plans to issue a series of senior notes due in 2014 and a series due in 2017.


The company expects the buyback to result in a one-off charge to be recorded in the second quarter of this year. The refinancing is expected to have a positive impact on earnings from fiscal 2008.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now