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Safeway again extends offer to purchase 5%, 3.95% and 4.75% notes
By Toni Weeks
San Luis Obispo, Calif., Jan. 27 – Safeway Inc. announced that it has once more extended its offer to purchase any and all of the following notes, this time to 5 p.m. ET on Jan. 30:
• $500 million of outstanding 5% senior notes due Aug. 15, 2019;
• $500 million of outstanding 3.95% senior notes due Aug. 15, 2020; and
• $400 million of outstanding 4.75% senior notes due Dec. 1, 2021.
As of 5 p.m. ET on Jan. 27, holders had tendered $228,474,000 principal amount, or 45.69%, of the 5% notes, $367,658,000 principal amount, or 73.53%, of the 3.95% notes and $272,518,000 principal amount, or 68.13%, of the 4.75% notes.
Before, the offer had been set to end on Jan. 27 and, before that, on Jan. 12. Originally it was set to expire on Jan. 5.
Questions may be directed to D.F. King & Co. Inc. (866 751-6309).
Safeway is a Pleasanton, Calif.-based food and drug retailer.
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