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Nov 23, 2017 @ 13:47

Del Monte Pacific to issue $160M preferred shares


Campos-led food and beverage conglomerate Del Monte Pacific Ltd. (DMPL) has obtained the Securities and Exchange Commission’s nod to issue $160 million worth of preferred shares.

The shares form part of the second tranche of DMPL’s dollar-denominated offering.

DMPL is offering 16 million series A preferred shares at $10 each to finance the balance of its $154-million bridge loan facility from BDO.

The offering has been set on Nov. 27 through Dec. 8 while the listing of the shares has been scheduled on Dec.15.

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