U.S. Foodservice Cancels Bond Offering in Buyout Deal

AMSTERDAM — Officials of Ahold said the company expects to complete its pending sale of U.S. Foodservice to private equity interests despite the unit pulling back a bond offering that would have helped finance the deal, reports said Wednesday. USF canceled a planned $650 million bond offering this week due to weak market conditions. The offering would have helped finance the $7.1 billion purchase by Clayton, Dubilier & Rice and Kohlberg Kravis Roberts. According to one bond analyst, “The feeling is that the price of the deal was off-the-charts high.”

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