Household International, Inc. announced that its independent auditor, KPMG LLP, has completed its audits of Household International and its wholly- owned subsidiary, Household Finance Corporation, for each of the years ended December 31, 1999, 2000 and 2001, and has rendered unqualified opinions for both entities.
In connection with the completion of these audits Household International and Household Finance Corporation have filed with the SEC amended Forms 10-K as of December 31, 2001, which include financial information for each of the years ended December 31, 1999, 2000 and 2001. As a result, both entities are now able to issue debt and/or equity securities under their respective, effective registration statements.
Household Finance Corporation expects to re-enter the debt markets next week with Inter Notes (retail placed medium-term debt). Household International will resume the issuance of equity securities through its employee benefit plans and its dividend reinvestment plan.
Household’s businesses are leading providers of consumer loan, credit card, auto finance and credit insurance products in the United States, United Kingdom and Canada. In the United States, Household’s largest business, founded in 1878, operates under the two oldest and most widely recognized names in consumer finance- HFC and Beneficial. Household is also one of the nation’s largest issuers of private-label and general-purpose credit cards, including The GM Card(R) and the AFL-CIO’s Union Plus(R) card. For more information, visit the company’s Web site at .