Ahold says it does not foresee the need for drawing on its USD $915 million unsecured tranche based on its current cash flow projections. Also, the currently remaining USD $270 million capacity under the USD $450 million back-up facility announced in March remains available to Ahold as necessary for further support of Columbia, MD, based U.S. Foodservice (USF) securitization programs.
Second quarter results also announced by Ahold indicated that USF sales in the United States increased by 0.2% to USD $4.1 billion (2002: USD 4.1 billion). Organic sales growth amounted to 0.2%.
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