Del Monte Foods Company has closed its offer for its 8.625% senior subordinated notes due 2012.
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The company said that as of 1 October, US$438.7m principal amount of the notes had been validly tendered, which represented approximately 97.5% of the outstanding aggregate principal amount of the notes.
Del Monte has accepted the notes for purchase and payment.
The remaining $9.5m principal amount of the notes that were not tendered and purchased pursuant to the offer and currently remain outstanding. The holders therefore are subject to the terms of the indenture.
BofA Merrill Lynch and Barclays Capital served as joint deal managers and solicitation agents. Global Bondholder Services Corporation served as information agent and depositary for the offer.
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