Dole Food Co. has started a cash tender offer for all of its outstanding senior notes.
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The notes, purchased for US$980 per $1,000, is subject to consent from holders of the notes to effect proposed amendments to the indenture.
The offer will expire at 12pm midnight, New York City time, on 13 March unless extended.
Last month, 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.
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