Dole Food to sell senior secured notes during third quarter

New York, Aug. 4 - Dole Food Co. plans to offer senior secured notes during the third quarter, according to its 10-Q for the three months filed with the Securities and Exchange Commission on Tuesday.

Proceeds, together with cash on hand and/or borrowings from its revolving credit facility, will be used to redeem "the bulk" of its 7¼% notes due June 2010.

Any remaining notes will be redeemed or repurchased during the third or fourth quarter, Dole added.

Dole is a Westlake Village, Calif.-based producer and marketer of fresh fruit and vegetables and a producer of organic bananas.

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