Ahold Announces Debt Buyback Offer
June 23 2009 - 2:46AM
Marketwired
Amsterdam, the Netherlands - 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
Cautionary notice
This press release includes forward-looking statements, which do
not refer to historical facts but refer to expectations based on
management's current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results to
differ materially from those included in such statements. These
forward-looking statements include, but are not limited to,
statements as to timing and success of the offer and the effects
thereof and statements as to the expectation that cash balances
will be used to purchase the outstanding notes. These
forward-looking statements are subject to risks, uncertainties and
other factors that could cause actual results, performance or
events to differ materially from those future results expressed in
or implied by the forward-looking statements. Many of these risks
and uncertainties relate to factors that are beyond Ahold's ability
to control or estimate precisely, such as the satisfaction of the
conditions to the offer and the timing thereof, changes in the
conditions of the securities markets, particularly the markets for
debt securities, and other factors discussed in Ahold's public
filings. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Neither Ahold nor Ahold Finance USA, LLC assume any
obligation to update any public information or forward-looking
statements in this press release to reflect subsequent events or
circumstances, except as may be required by securities laws.
Outside the Netherlands, Koninklijke Ahold N.V., being its
registered name, presents itself under the name of "Royal Ahold" or
simply "Ahold."
None of Ahold, Ahold Finance USA, LLC, the dealer managers, the
depositary and information agent, the indenture trustee, or their
respective affiliates, makes any recommendation in connection with
the offer.
Offer restrictions
This press release is neither an offer to purchase nor a
solicitation to buy any of the 8.25% notes due 2010, nor is it a
solicitation for acceptance of the offer to purchase such notes.
Ahold Finance USA, LLC is making the offer only by, and upon the
terms and subject to the conditions of, the Offer to Purchase
document and the related Letter of Transmittal. The offer is not
being made in any jurisdiction in which the making or acceptance
thereof would not be in compliance with the securities, blue sky or
other laws of such jurisdiction. Such jurisdictions include Italy,
United Kingdom, France, Belgium and Germany. Reference must be made
to the Offer to Purchase document for detailed offer restrictions
for each of the aforementioned countries.
Ahold Announces Debt Buyback Offer PDF:
http://hugin.info/130711/R/1324269/310983.pdf
This announcement was originally distributed by Hugin. The
issuer is solely responsible for the content of this
announcement.
Copyright � Hugin AS 2009. All rights reserved.
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