Dutch retailer Royal Ahold has announced that on Friday 30 May it provided its syndicate of banks with the audited 2002 financial report for its Dutch supermarket subsidiary Albert Heijn.
Delivering audited 2002 financial statements for Albert Heijn no later than 2 June was one of the conditions for the availability of the US$915m unsecured tranche of the €2.65bn (US$3.09bn) credit facility announced in March.
These conditions include the delivery of audited 2002 financial statements for Stop & Shop no later than 30 June, and of audited consolidated 2002 financial statements for Ahold no later than 15 August.
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A spokeswoman for the troubled retailer said the company would not disclose the results of the Albert Heijn unit until the publication of 2002 results for the full group.
