Orange County, CA--
Paul Hastings, a leading global law firm, announced today that the firm represented Dole Food Company, Inc., the world's largest producer and marketer of fresh fruit and vegetables, in connection with its entry into a new credit facility, which consists of a $150 million revolving credit facility and a $500 million term facility with provisions for additional incremental loans.
The financing was related to Dole’s announced completion of the sale of its worldwide packaged foods and Asia fresh businesses to ITOCHU Corporation for $1.685 billion cash.
Of counsel Lindsay Sparks
and Corporate partner Peter Tennyson
led the Paul Hastings team, which also included Real Estate partner John Simonis
and Leveraged Finance partner Michael Chernick
and junior associate Michael Purtill
. Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.