Dole Food to redeem 7¼% notes using proceeds from secured notes sale

By Jennifer Chiou

New York, Aug. 14 - Dole Food Co., Inc. said it plans to redeem its 7¼% senior notes due June 15, 2010 at par using the net proceeds from a private offering of $325 million of senior secured notes due 2016.

Dole is a Westlake Village, Calif.-based producer and marketer of fresh fruit and vegetables and a producer of organic bananas.

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