Del Monte Pacific Bolsters U.S. Subsidiary’s Finances

Del Monte Pacific (SG:D03) has released an update.

Del Monte Pacific Limited’s U.S. subsidiary has secured a new $210 million term loan facility to bolster liquidity and operational funding, allowing for enhanced financial flexibility and strategic growth potential. This financial move, set to mature in August 2028, also includes the possibility of an additional $30 million under certain conditions, aimed at propelling the company’s profitability amid expected market improvements in the U.S.

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