date:Apr 03, 2013
e pleased to announce Doles new credit facility with five of our banking partners, which includes a $500 million term loan and a $150 million revolving credit facility, said Carter. The new credit facility provides needed flexibility to enhance shareholder value and to meet future competitive challenges as we launch the new Dole. Doles resulting net leverage ratio is approximately 2.5x (based on the new debt structure and Doles 2013 Adjusted EBITDA guidance), and Dole will benefit from a signifi