Total Produce signs $1.44bn of debt for Dole merger

Costa Rica, fruits, sweet, LatAm, market, Central America, 575
By Mike Turner
15 Apr 2021

Total Produce, the Irish fresh produce company, has signed $1.44bn of loans to finance its transatlantic merger with US fruit and vegetable producer Dole Food Company.

Total Produce’s new facility is made up of a $940m seven year term loan and a $500m-equivalent five year multicurrency revolving credit facility.

The term loan will be drawable by Total Produce, while the revolver will be drawable by Dole and some of its subsidiaries.

Rabobank was sole bookrunner and ...

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