Daily News: November 8, 2013

Citigroup, Others Host Meeting on Del Monte Acquisition Financing

Reuters reported that Citigroup, Morgan Stanley and KKR Capital Markets offered investors loans related to the $1.675 billion Del Monte Foods acquisition during a recent bank meeting.

Reuters also said Del Monte Pacific Limited released details on a $1.28 billion credit backing its $1.675 billion acquisition of the Del Monte Foods consumer food business; the new credit is split between a $350 million asset-based revolving credit facility, a $650 million, seven-year term loan B and a $280 million, 7.5-year second-lien term loan, according to Reuters sources.

To read the entire Reuters article, click here.