Del Monte Foods Says Co Enters Restructuring Support Agreement With Key Financial Stakeholders

Reuters

07-02

July 1 (Reuters) - :
*DEL MONTE FOODS ANNOUNCES STRATEGIC ACTION TO STRENGTHEN FINANCIAL POSITION AND PURSUE A VALUE-MAXIMIZING SALE
*DEL MONTE FOODS- ENTERS RESTRUCTURING SUPPORT AGREEMENT WITH KEY FINANCIAL STAKEHOLDERS
*DEL MONTE FOODS- SECURES $912.5 MILLION IN DEBTOR-IN-POSSESSION FINANCING
*DEL MONTE FOODS- INITIATES VOLUNTARY CHAPTER 11 PROCEEDINGS
*DEL MONTE FOODS- CERTAIN OF COMPANY'S NON-U.S. SUBSIDIARIES ARE NOT INCLUDED IN CHAPTER 11 PROCEEDINGS AND CONTINUE TO OPERATE AS USUAL
*DEL MONTE FOODS- INTENDS TO CONTINUE SERVING CUSTOMERS WITH HIGH-QUALITY FOOD PRODUCTS ON AN UNINTERRUPTED BASIS
*DEL MONTE FOODS- RSA CONTEMPLATES GOING-CONCERN SALE PROCESS FOR ASSETS

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 02-JUL-202501:01:42.273 GMT

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