ZAANDAM, The Netherlands, Aug. 25, 2004 (PRIMEZONE) -- Ahold today announced that its U.S. subsidiary, U.S. Foodservice, has entered into a new USD 600 million receivable 364-day securitization program with three banks. The new agreement, which was entered into on August 24, 2004, replaces the aggregate USD 490 million variable investment certificates commitments under the existing securitization programs with immediate effect.
Commenting on the deal, Ahold CFO Hannu Ryopponen said, "We are happy to have reached agreement on terms and conditions that are very much in line with market standards and that includes improved pricing."
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