The sale transaction is still waiting for China regulatory approval, with the required regulatory approvals from the other six countries already received.
Michael Carter, Dole’s executive vice president and general counsel, who is assuming the added role of president and chief operating officer in connection with the sale transaction, said: “We are pleased to announce that we are finalising the written commitments from four of Dole’s banking partners for a new $400m term loan and a $300m revolving credit facility, to be implemented upon completion of the sale transaction.”
Source: Dole Food Company
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