Dole Food Company, Inc. Announces $275 Million Senior Secured Notes Offering
WESTLAKE VILLAGE, Calif. -- 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 May2, 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
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.
This press release shall not constitute an offer to sell or a solicitation of
an offer to purchase the Notes or any other securities, and shall not
constitute an offer, solicitation or sale in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful.
This release contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements relate to a
variety of matters, including, but not limited to, the timing and anticipated
completion of the proposed merger and other statements that are not purely
statements of historical fact. These forward-looking statements are made on
the basis of the current beliefs, expectations and assumptions of the
management of Dole and are subject to significant risks and uncertainty.
Readers are cautioned not to place undue reliance on any such forward-looking
Dole Food Company, Inc.
Beth Potillo, 818-879-6733
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