In the US, Dole Food Company, one of the world's largest producers of fresh fruit and vegetables, has announced that it is to make a private offering of US$310m senior secured notes due in 2016.
Dole said that it would use net proceeds from the offering to redeem senior notes due 15 June 2010, according to the Associated Press.
The group has made a number of debt reduction manoeuvres in recent months, including plans to offload certain properties in Latin America for around US$68m.
In August, the group revealed that it was looking to go back into public ownership with the news that it was seeking a listing on the New York Stock Exchange.
Dole, which has been privately owned since investor David Murdocktook it private in a US$2.5bn deal six years ago, informed USregulators last month of its intention to raise up to US$500m from aninitial public offering of common stock.
No comments yet