Ahold Delhaize announces early results of cash tender offer for up to $350 million principal amount of its 5.70% senior notes due 2040 - Seite 2

Holders of Notes validly tendered and not validly withdrawn on or before the Early Tender Time and accepted for purchase will be eligible to receive the Total Consideration (as defined in the Offer to Purchase), which includes an early tender premium of $50 per $1,000 principal amount of Notes. The Total Consideration will be determined in the manner described in more detail in the Offer to Purchase by reference to a fixed spread (the "Fixed Spread") specified for the Notes over the yield to maturity corresponding to the bid-side price of the Reference U.S. Treasury Security specified in the Offer to Purchase, as calculated by the Dealer Managers (as defined below) in accordance with standard market practice at 11:00 a.m., New York City time, on December 4, 2018 (subject to certain exceptions set forth in the Offer to Purchase, such time and date, as the same may be extended, the "Price Determination Date").  All payments for Notes purchased in connection with the Early Tender Time will also include accrued and unpaid interest from the last interest payment date for the Notes up to, but excluding, the Early Settlement Date, which is currently anticipated to be December 6, 2018.  In accordance with the terms of the Offer, the withdrawal deadline was 5:00 p.m., New York City time, on December 3, 2018. As a result, tendered Notes may no longer be withdrawn, except in certain limited circumstances where additional withdrawal rights are required by law (as determined by the Company). 

Although the Offer is scheduled to expire at 11:59 p.m., New York City time, on December 17, 2018, the Company does not expect to accept for purchase any tenders of Notes after the Early Tender Time because the aggregate principal amount of Notes that were validly tendered and not validly withdrawn as of the Early Tender Time exceeded the Maximum Tender Amount.   

This press release, including the following, is qualified in its entirety by the Offer to Purchase. 

J.P. Morgan Securities LLC and Merrill Lynch International are acting as the dealer managers (the "Dealer Managers") for the Offer. The information and tender agent for the Offer (the "Information and Tender Agent") is D.F. King & Co., Inc.

Requests for documentation for the Offer should be directed to D.F. King & Co., Inc. at [phone] (U.S. toll-free) or [phone] (banks and brokers) or by email at [e-mail]. Questions regarding the Offer should be directed to J.P. Morgan Securities LLC at [phone] (toll-free) or [phone] (collect) or Merrill Lynch International at [phone] (US toll-free), [phone] (US collect), [phone] (in Europe) or [e-mail] (by email).