PLEASANTON, Calif.,
Jan. 30, 2015 /PRNewswire/
-- Safeway Inc. ("Safeway") (Formerly NYSE: SWY) today
announced the results of its offer to purchase (the "Offer") any
and all of the outstanding series of senior notes described in the
table below (the "Senior Notes"). The Offer, which was made
pursuant to the Change of Control Notice and Offer to Purchase
dated December 3, 2014, expired at
5:00 p.m., New York City time, on January 30, 2015.
|
Title of
Security
|
Principal Amount
Outstanding
|
CUSIP
No.
|
|
5.00% Senior Notes
due August 15, 2019
|
$500,000,000
|
786514BR9
|
|
3.95% Senior Notes
due August 15, 2020
|
$500,000,000
|
786514BS7
|
|
4.75% Senior Notes
due December 1, 2021
|
$400,000,000
|
786514BU2
|
The depositary for the Offer has advised Safeway that, as of
5:00 p.m., New York City time, on January 30, 2015, $231,443,000 principal amount, or 46.29% of the
outstanding principal amount, of the 2019 Senior Notes,
$363,174,000 principal amount, or
72.63% of the outstanding principal amount, of the 2020 Senior
Notes and $269,980,000 principal
amount, or 67.50% of the outstanding principal amount, of the 2021
Senior Notes had been validly tendered and not validly withdrawn
pursuant to the Offer. All of the Senior Notes that were
validly tendered and not validly withdrawn are being accepted for
purchase by Safeway. The change of control payment of
$1010 per $1000 principal amount of Senior Notes, plus
accrued and unpaid interest to, but not including, the payment
date, will be paid in cash to the tendering holders of such notes
on February 2, 2015.
D.F. King & Co. Inc. acted as
information and tender agent for the Offer.
This announcement is for information purposes only and is
neither an offer to sell nor a solicitation of an offer to buy any
security.
About Safeway Inc.
Safeway Inc. is a Fortune 100
company and one of the largest food and drug retailers in
North America based on sales.
Safeway operates 1,326 stores in the
United States and had annual sales of $35.1 billion in 2013.
Forward-Looking Statements
This press release contains
certain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements are indicated by
words or phrases such as "expects," "will," "plans," "intends,"
"committed to," "estimates" and "is." No assurance can be given
that any of the events anticipated by the forward-looking
statements will transpire or occur. Accordingly, actual results may
differ materially and adversely from those expressed in any
forward-looking statements. Neither Safeway nor any other person
can assume responsibility for the accuracy and completeness of
forward-looking statements. There are various important factors
that could cause actual results to differ materially from those in
any such forward-looking statements, many of which are beyond
Safeway's control. These factors include: failure to obtain, delays
in obtaining or adverse conditions contained in any required
regulatory or other approvals; failure to consummate or delay in
consummating the transactions described herein for any other
reasons; changes in laws or regulations; and changes in general
economic conditions. Safeway undertakes no obligation (and
expressly disclaims any such obligation) to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. For additional information
please refer to Safeway's most recent Form
10-K, 10-Q and 8-K reports filed with the Securities and
Exchange Commission.
Contact:
Christiane
Pelz (925) 467-3832
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SOURCE Safeway Inc.
