Chiquita Announces Intent to Offer US$150 Million of Convertible Senior Notes Due 2016.
PR Newswire Europe, February, 2008
CINCINNATI, February 5 /PRNewswire/ --
Chiquita Brands International, Inc. (NYSE: CQB) today announced that it intends to offer, subject to market and other conditions, a new issue of US$150 million of Convertible Senior Notes due 2016 under the company's existing shelf registration statement. The Notes will be unsecured unsubordinated obligations of the company and will be convertible under specified circumstances, as described in the prospectus. The company intends to use the net proceeds from the offering to repay a portion of the outstanding amounts under the Term Loan C of the company's senior secured credit facility.
Goldman, Sachs & Co. and Morgan Stanley & Co. are the joint book-running managers for the offering. A prospectus relating to the...
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