date:Oct 08, 2013
Vegetable and fruit producer Dole Food Co Inc is launching a $675 million, seven-year term loan B Wednesday to back Dole's buyout by Chairman and Chief Executive Officer David H. Murdock. The new loan will launch at a 1 p.m. EST lunch meeting in New York City.
The new TLB is expected to be covenant-lite, and will carry 101 soft call protection.
Deutsche Bank is lead left arranger, with Bank of America Merrill Lynch and The Bank of Nova Scotia to the right.
On August 12, Dole announced an agre