Del Monte Pacific (SGX:D03) has settled a Delaware lawsuit filed by lenders of its US unit Del Monte Foods, retiring debt under a 2022 loan facility and avoiding a board shake-up, according to a Wednesday filing on the Singapore Exchange.
The settlement, reached before a post-trial hearing, adds $20 million in debt via a new loan from existing lenders and raises annual interest costs by about $4 million.
Del Monte must inject funds by May 5 or give lenders board control and implement governance changes.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。