Ahold subsidiary tenders for $690 million of 8¼% notes due July 2010

By Susanna Moon

Chicago, June 23 - Ahold said its subsidiary, Ahold Finance USA, LLC, is offering to repurchase any and all of the outstanding $690 million of 8¼% guaranteed senior notes due July 2010.

Ahold will pay $1,053.75 per $1,000 principal amount plus accrued interest to the payment date of July 2.

The offer will expire at 5 p.m. ET on July 1.

The buyback will be funded from existing cash balances.

Global Bondholder Services Corp. (212 430-3774) is the information agent.

Noteholders with questions may call Goldman, Sachs & Co. (800 828-3182).

Ahold is an Amsterdam-based company in the retail trade and food-service businesses.

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