Del Monte Foods may meet its lenders to discuss $3.25 billion in loans backing its buyout, Bloomberg reports. KKR, Vestar Capital Partners and Centerview Partners are acquiring the canned fruit and pet products maker in a transaction valued at $5.3 billion, including debt. The deal comprises a $2.5 billion seven-year term loan, arranged by JP Morgan Chase, and a $750 million revolving credit line that matures in five years and will be secured by the company’s receivables and inventory. Barclays, Morgan Stanley, Bank of America and the lending arm of KKR are also providing the loan.
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