Del Monte repays $100 million of revolver debt with term loan B add-on

By Sara Rosenberg

New York, Aug. 15 - Del Monte Foods Co. repaid $100 million of revolving credit facility borrowings using proceeds from a term loan B add-on that was obtained under an existing accordion feature, according to a company news release.

Banc of America Securities LLC acted as lead arranger and bookrunner on the add-on.

Del Monte is a San Francisco-based producer, distributor and marketer of branded and private label food and pet products.

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