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Canned Food Group Del Monte Hits Ch. 11 With $1.2B Debt

By Clara Geoghegan ( July 2, 2025, 11:47 AM EDT) -- Packaged foods giant Del Monte is seeking Chapter 11 bankruptcy protection in New Jersey with plans for a sale after a liability management transaction last year failed to sufficiently reduce borrowing costs from its $1.23 billion of secured debt....

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