Del Monte Foods Company (NYSE: DLM), through its wholly-owned subsidiary Del Monte Corporation (the "Corporation"), today announced the pricing terms for the offer of Senior Subordinated Notes due 2011 (the "Notes"). The Notes will bear interest at a rate of 9 1/4% and will be redeemable, in whole or in part, on or after May 15, 2006. In addition, the Corporation may, at its option, redeem up to 35% of the aggregate principal amount of the Notes prior to May 15, 2004 from the proceeds from an equity offering. The Corporation also announced that the offering will be increased to $300 million of Notes, from the $275 million announced on April 27, 2001.