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Del Monte warns of Q2 loss, may refinance US$1.4b in loans
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Fiona Lam
Published Tue, Nov 19, 2019 · 09:50 PM
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Singapore
LOSS-MAKING food and beverage player Del Monte Pacific is evaluating options to potentially refinance its US subsidiary's loan facilities of about US$1.4 billion.
The subsidiary, Del Monte Foods Inc (DMFI), has loans comprising a US$442.5 million asset-based facility due November 2020, a US$670 million first-lien term loan due February 2021, and a US$260 million second-lien term loan due August 2021.
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