Dole Food Co. said today (2 March) that it intends to start a private offering to eligible purchasers of US$325m of senior notes.
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The company said it intends to use the net proceeds from the offering, together with borrowings to purchase its outstanding senior notes due on 1 May, and to pay related fees, premiums and expenses.
In January, Dole completed the sale of its flowers business and certain Latin American banana properties as part of the first phase of an asset sale programme designed to raise US$130m to pay down debt.
