Safeway announces results of offer for 5%, 3.95% and 4.75% notes

New York, Jan. 30 – Safeway Inc. announced the results of its change-of-control offer to buy three series of its senior notes.

As of the expiration date of 5 p.m. ET on Jan. 30, the company had received valid tenders for:

• $231,443,000, or 46.29%, of its $500 million of outstanding 5% senior notes due Aug. 15, 2019;

• $363,174,000, or 72.63%, of its $500 million of outstanding 3.95% senior notes due Aug. 15, 2020; and

• $269.98 million, or 67.5%, of its $400 million of outstanding 4.75% senior notes due Dec. 1, 2021.

All the tenders were accepted.

Safeway will pay $1,010 per $1,000 principal amount of the notes plus accrued interest up to but excluding the payment date, which will be Feb. 2.

The offer had been extended several times and previously had been set to expire on Jan. 27, Jan. 12 and, originally, Jan. 5.

D.F. King & Co. Inc. (866 751-6309) was the information and tender agent.

Safeway is a Pleasanton, Calif.-based food and drug retailer.

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