Di Giorgio to start roadshow Jan. 12 for $150 million eight-year notes via Merrill Lynch, Deutsche Bank

By Paul A. Harris

St. Louis, Jan. 5 - Di Giorgio Corp. plans to start a roadshow on Jan. 12 for its $150 million offering of eight-year senior notes (B2/B), according to an informed source.

The notes, which are non-callable for four years, are expected to price on Jan. 21.

Merrill Lynch & Co. and Deutsche Bank Securities will be joint bookrunners for the Rule 144A/Regulation S offering, which has no registration rights.

Proceeds will be used to fund a tender offer for the company's existing $148.3 million of 10% senior notes due 2007 and to fund a $10 million dividend to shareholders.

Di Giorgio is a Carteret, N.J.-based independent food distributor.

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