Del Monte Foods to amend or refinance existing facility to help fund tender offer

By Sara Rosenberg

New York, Jan. 13 - Del Monte Foods Co. is planning to either amend or get a new senior secured credit facility in order to help fund the repurchase of its 9¼% senior subordinated notes due 2011, according to a company news release.

The company is also considering a private placement of senior subordinated notes to help fund the bond repurchase.

A tender offer and consent solicitation for the 9¼% bonds was launched on Monday.

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

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