BOISE, Idaho, July 5, 2017 /PRNewswire/ -- Albertsons Companies, LLC (the "Company") today announced the termination of the previously announced separate tender offers (each offer a "Tender Offer" and collectively, the "Tender Offers") of the Company's wholly-owned subsidiaries New Albertson's, Inc. ("NAI") and Safeway Inc. ("Safeway" and, together with NAI, the "Offerors") to purchase for cash, subject to certain terms and conditions, up to a total of $500,000,000 aggregate principal amount of the debt securities listed in the table below (together, the "Securities"). All Securities tendered in the Tender Offers will be returned promptly to the respective holders thereof without any action required on the part of the holders. No consideration will be paid in the Tender Offers for any tendered Securities.
The Tender Offers were subject to certain conditions set forth in the Offer to Purchase dated June 5, 2017 and a related Letter of Transmittal dated June 5, 2017 (together, the "Tender Offer Materials"), including a Financing Condition (as defined in the Tender Offer Materials) which has not been satisfied. Accordingly, this press release confirms formal termination of the Tender Offers.
The following table sets forth the classes of debt securities that had been subject to the Tender Offers prior to their cancellation:
Title of Security
Principal Amount Outstanding
8.700% Senior Debentures
8.000% Senior Debentures
6.625% Medium-Term Notes
7.450% Senior Debentures
7.450% Senior Debentures
The Offerors engaged BofA Merrill Lynch to serve as Dealer Manager for the Tender Offers and Global Bondholder Services Corporation to serve as the Information Agent and Tender Agent for the Tender Offers. Questions regarding the termination of the Tender Offers may be directed to BofA Merrill Lynch at (980) 388-3646 (collect) or (888) 292-0070 (toll-free). Holders of Securities may also direct such questions to Global Bondholder Services Corporation at 65 Broadway – Suite 404, New York, New York, 10006, Attn: Corporate Actions, (212) 430-3774 (for banks and brokers) or (866)-794-2200 (for all others).
This press release does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any new securities, nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful. Capitalized terms used in this press release but not otherwise defined herein have the meanings assigned to them in the Tender Offer Materials.
This press release contains forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding the Company's future operating results and financial position, business strategy, and plans and objectives of the Company's management for future operations, are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these terms or other similar expressions. You should not rely upon forward-looking statements as predictions of future events. The Company has based the forward-looking statements contained in this press release primarily on the Company's current expectations and projections about future events and trends that it believes may affect its business, financial condition, results of operations and prospects. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors. Moreover, the Company operates in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. The Company cannot assure you that the results, events and circumstances reflected in this press release will be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. The Company and the Offerors may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements contained in this press release and you should not place undue reliance on our forward-looking statements. The forward-looking statements made in this press release do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments the Company or the Offerors may make.
For more information on the potential factors, please see the "Special Note Regarding Forward-Looking Statements and Other Factors" section in the Offer to Purchase dated June 5, 2017.