Ahold Delhaize Cash Tender Offer

Davis Polk advised the dealer managers in connection with a cash tender offer by Koninklijke Ahold Delhaize N.V. for up to $350 million principal amount of its 5.70% senior notes due 2040.

J.P. Morgan Securities LLC and Merrill Lynch International are acted as the dealer managers on the offering.

Headquartered in Zaandam, The Netherlands, Ahold Delhaize is one of the world’s largest food retail groups. Its family of local brands employs more than 370,000 associates in over 6,700 grocery and specialty stores, and serves more than 50 million customers each week in Europe, the United States and Indonesia. Ahold Delhaize is listed on the Euronext Amsterdam and Brussels stock exchanges under symbol “AD.”

The Davis Polk corporate team included partners John Banes (Picture) and Leo Borchardt, counsel Radoslaw Michalak and associate Grecia Barboza. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice.

Involved fees earner: John Banes – Davis Polk & Wardwell; Grecia Barboza – Davis Polk & Wardwell; Leo Borchardt – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Omer Harel – Davis Polk & Wardwell; Radoslaw Michalak – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: JP Morgan Securities; Merrill Lynch International;