Jun 23, 2009
Ahold today announced an offer to repurchase notes, in order to reduce net interest expense and debt. Ahold's subsidiary, Ahold Finance USA, is offering to repurchase any and all of the outstanding $690 million 8.25% Guaranteed Senior Notes due in July 2010. The buyback will be funded out of existing cash balances.
The offer price is $1,053.75 per $1,000 principal amount of notes tendered and accepted for purchase. The offer will expire at 5.00 pm Eastern Daylight Time (EDT) on July 1, 2009, unless it is extended. The payment date for notes purchased will be July 2, 2009 and, in addition to the offer price, payment will include accrued and unpaid interest from the last interest payment date to, but not including, July 2, 2009.
Terms and conditions of the offer can be found on Ahold’s public website at http://www.ahold.com/en/investors or by contacting the depositary and information agent, Global Bondholder Services Corporation (also for questions on the tendering of notes) at +1 212 430 3774.
Goldman, Sachs & Co: +1 800 828-3182 (for questions on the offer)
Ahold Press Office: +31 20 509 5291
