Dole Food plans note issue; will replace $350 million of notes due 2009

By Laura Lutz

Des Moines, May 5 - Dole Food Co., Inc. plans to issue new notes to replace $350 million of unsecured notes that mature on May 1, 2009, according to a 10-Q filing with the Securities and Exchange Commission.

The new issue would be completed by the end of the year.

The company also said it is considering retiring up to $50 million of the unsecured notes with available funds under the existing terms of its credit agreements.

Dole is continuing to assess various alternatives for addressing the May 2009 maturity, the filing said.

Based in Westlake Village, Calif., Dole is a producer and marketer of fresh fruit, fresh vegetables and fresh-cut flowers

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.