date:Oct 08, 2013
ement where Murdock, through his affiliates, will purchase all outstanding stock of Dole he does not currently own for $13.50 per share, valuing the company at approximately $1.6 billion.
Dole received financing commitments for the $675 million Term Loan B, a $150 million, five-year asset-based lending revolver, and a $325 million senior unsecured bridge loan to back the LBO, according to an August SEC filing.
The filing outlined a $200 million common equity financing commitment from Murdock.