Dole Food announces US$275M Senior Secured Notes offering due 2019, intends to use net proceeds in part to finance portion of proposed merger with DFC Merger
WESTLAKE VILLAGE, California
October 21, 2013
– Dole Food Company, Inc. (“Dole”) announced today that it is initiating an offering, subject to market and other conditions, of $275,000,000 aggregate principal amount of its Senior Secured Notes due 2019 (the “Notes”). Dole intends to use the net proceeds from the offering to finance a portion of the consideration for the proposed merger with DFC Merger Corp., a Delaware corporation, and refinance Dole’s existing amended and restated credit agreement, dated as of May 2, 2013, among Dole, Solvest, Ltd., Deutsche Bank AG New York Branch, as administrative agent, and the other parties thereto.
The Notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).
The Notes will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
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