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Del Monet Considers Note Offering
NEW YORK - Jan 13/05 - SNS -- Del Monte Corporation is considering a private placement of senior subordinated notes.
The proceeds of the new notes, if issued, would be used, together with borrowings under a contemplated new or amended senior secured credit facility, to purchase any or all of Del Monte's outstanding 9 1/4% senior subordinated notes due 2011 (the "Existing Notes") which are tendered pursuant to the cash tender offer and consent solicitation commenced by Del Monte on January 10, 2005 with respect to the Existing Notes.
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