14th Jun 2021 14:03
Total Produce PLC - Dublin-based fresh produce provider - Successfully completes syndication of its financing arrangements for combination with Dole Food Co Inc. Following "strong demand", Total Produce revises arrangements to USD540 million seven-year US dollar senior secured term loan B facility, a USD300 million senior secured US dollar five-year term loan A facility and a USD600 million multicurrency senior secured revolving credit facility. Worth total of USD1.44 billion.
"On completion of the closing of the transaction, the facilities will be used, in part, to refinance Dole Food Co Inc's existing financing arrangements. The combined financing arrangements will finance Dole PLC's activities at a lower cost," says Total Produce.
Current stock price: 215.57p
Year-to-date change: up 76%
By Lucy Heming;Â [email protected]
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