Dole Sells Bonds for $300 Million
Dole Food Co. said it sold $300 million of 10-year senior notes last week in the company’s first public bond sale in nine years.
Dole, based in Westlake Village, is a distributor of fruits and vegetables. The company is also involved in real estate and resorts.
Dole decided to hold the sale because it believes that interest rates are at a low. “We liked the terms we were able to get,†a Dole spokesman said. Proceeds will be used to refinance some of Dole’s floating-rate debt.
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