Del Monte To Sell $450M Of Notes To Buy Back Debt

Law360, New York (September 17, 2009, 3:58 PM EDT) -- Canned and pet food maker Del Monte Foods Co. will conduct a private offering of $450 million in senior subordinated notes to fund a cash tender offer to buy back the same amount in notes due 2012, the company announced Thursday.

Del Monte Foods Co. disclosed that its wholly owned subsidiary Del Monte Corp. had commenced a cash tender offer and consent solicitation for any of its $450 million of 8.625 percent senior subordinated notes due 2012.

The offer, which expires Oct. 15, 2009, is $1,031.25...
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