Dutch retailer Ahold today (Wednesday) announced that it had signed a new €2bn (US$2.5bn) credit facility with a syndicate of fifteen banks.
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The five-year unsecured syndicated multi-currency facility will be used for general corporate purposes and for the issuance of letters of credit, the company said.
“This is an important day for Ahold and our road to recovery programme,” said Ahold CFO Hannu Ryöppönen said. “This new facility is another achievement in our return to strong financial health and shows the financial community is increasingly regarding Ahold as a credit-worthy company.”
