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ZAANDAM, The Netherlands - Ahold on Friday provided its syndicate of banks with the audited 2002 financial report for Dutch supermarket subsidiary Albert Heijn.
The company was asked to deliver the audited 2002 financial statements for Albert Heijn no later than June 2, 2003, as one of the conditions for the availability of the $915 million unsecured tranche of the Euro 2.65 billion credit facility announced on March 5, 2003.
These conditions also include the delivery of audited 2002 financial statements for Stop & Shop no later than June 30, 2003, and of audited consolidated 2002 financial statements for Ahold no later than August 15, 2003.
An Ahold spokeswoman said the company would not disclose the Albert Heijn unit's results until the publication of 2002 figures for the full group, expected after August 15.