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September 18, 2009, 2009 (FinancialWire) -- Del Monte Foods Co. (NYSE: DLM | Quote | Chart | News | PowerRating) said that its Del Monte Corp. subsidiary has priced a private placement offering of $450 million of senior subordinated notes. The notes will mature on October 15, 2019 with interest payable semi-annually at the rate of 7.5% per year.
The notes will yield gross proceeds to Del Monte of around $442.2 million.
San Francisco-based Del Monte offers human and pet foods. The company's brands include Del Monte, S&W, Contadina, College Inn, Meow Mix, Kibbles 'n Bits, 9Lives, Milk-Bone, Pup-Peroni, Meaty Bone, Snausages and Pounce.
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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