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09.04.2015 23:07:00
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Dole Food Company, Inc. -- Moody's says no change to Dole's rating on term loan add-on
New York, April 09, 2015 -- Moody's Investors Service commented that Dole Food Company's term loan remains rated B2 following a $100 million add on. The term loan increase follows $100 million of recent equity contributions. Moody's views the company's overall $200 million capital raise as a credit positive because it replenishes cash used for farm purchases and removes the uncertainty over funding $188 million of upcoming commitments. For more details please see the Issuer Comment published on April 9, 2015.
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