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Di Giorgio pulls $150 million eight-year deal, to evaluate alternatives
By Paul A. Harris
St. Louis, Jan. 27 - Carteret, N.J.-based independent food distributor Di Giorgio Corp. postponed its $150 million offering of eight-year senior notes (B2/B-) on Thursday, according to an informed source, who added that the company is seeking other financing alternatives.
Merrill Lynch & Co. and Deutsche Bank Securities were the bookrunners.
Proceeds had been pegged 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.
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