Ahold, Zaandam, the Netherlands, plans to set up a $1 billion multicurrency revolving credit facility to refinance debt it assumed in its acquisition of Stop & Shop Cos., Quincy, Mass. The new seven-year facility would replace the current one. The Stop & Shop deal included a $1.8 billion stock offering by Ahold plus assumption of $1.1 billion in debt.
unusually heavy trading of its stock last week -- topping the New York Stock Exchange's most-active list -- amid reports that Kohlberg Kravis Roberts & Co., a New York investment firm, was interested in buying the chain. Both firms have declined to comment. KKR has invested in such chains as Safeway, Fred Meyer Inc., Bruno's and Stop & Shop.
Richfood Holdings, Richmond, Va., said it has applied for a listing of its common stock on the New York Stock Exchange. Richfood expects its shares to begin trading on the NYSE early next month under the symbol RFH. It then would delist its shares from NASDAQ.
Smart & Final, Vernon, Calif., has agreed in principle to buy 91 store facilities and other properties from its parent company, Casino USA, for about $76 million. The deal is slated to close by the year's end. Half the purchase price would be in stock, boosting Casino's equity from 53% to 56%; the rest would be in unsecured five-year notes. The deal would give Smart & Final better control of its store properties, with more flexibility for relocations, said Roger M. Laverty 3rd, president and chief executive officer.