Del Monte Pacific's (SGX:D03) US subsidiary, Del Monte Foods, completed a new term loan facility among the applicable lenders and step-down subsidiary, Del Monte Foods Corporation, a filing with the Singapore Exchange said on Monday.
The new term facility will provide the company with a $210 million of first-out new money financing, with the potential for further borrowings of up to $30 million.
Through this new loan arrangement, the company's liquidity is expected to enhance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments