A&P Announces $225 Million Offering of Senior Notes Due 2011.Business Editors MONTVALE, N.J.--(BUSINESS WIRE)--Dec. 4, 2001 The Great Atlantic & Pacific Tea Company, Inc. (NYSE NYSE See: New York Stock Exchange :GAP) today announced that it intends to offer approximately $225 million aggregate principal amount of Senior Notes due 2011 pursuant to its shelf registration statement on file with the Securities and Exchange Commission. The offering of the 2011 Notes is expected to close by the end of 2001. A&P intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering of the 2011 Notes to purchase any and all of its outstanding 7.70% Senior Notes due 2004 tendered pursuant to A&P's outstanding tender offer for the 2004 Notes, which was announced on November 19, 2001, and, to the extent any funds remain following such purchase, for general corporate purposes, including working capital. The offering of the 2011 Notes will be underwritten by a group of underwriters, which will be led by Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc., as sole book-running manager and joint lead manager, and Goldman, Sachs & Co., as joint lead manager, and will also include Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. & Co. Incorporated and Scotia Capital (USA) Inc. Copies of the preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders supplement and accompanying prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering of the 2011 Notes may be obtained from Lehman Brothers, 101 Hudson Street, 33rd Floor, Jersey City, New Jersey 97372, Attention: High Yield Capital Markets. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of A&P. Founded in 1859, A&P was one of the nation's first supermarket chains, and today is one of North America's 10 largest. As of its latest quarterly report, the Company operates 743 stores in 15 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and Ontario, Canada under the following trade names: A&P, Waldbaum's, Food Emporium, Super Foodmart, Super Fresh, Farmer Jack, Kohl's, Sav-A-Center, Dominion, The Barn Markets, Food Basics and Ultra Food & Drug. |
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