Dole to start roadshow Tuesday for $275 million 5.5-year secured notes

By Paul A. Harris

Portland, Ore., Oct. 18 - Dole Food Co. Inc. plans to start a roadshow on Tuesday for a $275 million offering of 5.5-year senior secured notes (expected Caa2), according to a market source.

The roadshow wraps up on Friday.

Deutsche Bank Securities Inc., BofA Merrill Lynch and Scotia Capital (USA) Inc. are the joint bookrunners.

The Rule 144A for life notes come with two years of call protection.

Proceeds will be used to help fund the purchase of the company by chairman and chief executive officer David H. Murdock.

Dole Food is a Westlake Village, Calif.-based fruit and vegetables company.

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