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Del Monte to bring $300 million notes
By Paul A. Harris
St. Louis, Mo., Aug. 28 -Del Monte Foods Co. said Wednesday the financing for its acquisition of some H.J. Heinz Co. businesses will include $300 million of notes.
As previously reported, the company is also doing a $1.6 billion credit facility via Bank of America, JPMorgan Chase, UBS Warburg and Morgan Stanley.
Del Monte said in a filing with the Securities and Exchange Commission that the note sale will be either a Rule 144A offering, registered with the SEC or a private placement. No further details were available on Wednesday.
The company is a San Francisco, Calif.-based processed food company. The notes and bank facility will finance its merger with certain Heinz businesses, including StarKist, 9-Lives, Kibbles 'n Bits, Pup-Peroni, Snausages, Naw somes!, Nature's Goodness Baby Food and College Inn broths.
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