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.