Total Produce completes $1.44 billion refinancing. Proceeds of facilities to be used to refinance existing Total and Dole debt agreements
about 5 hours ago
Dublin-listed Total Produce, which is merging with Dole Foods, has completed a $1.44 billion (€1.2 billion) refinancing.
The credit agreement with Coöperatieve Rabobank provides a $500 million five-year committed multi-currency senior secured revolving credit facility, which is available to Total Produce and its co-borrowers. It also includes a $940 million seven-year senior secured term loan facility with Bank of America.
Proceeds of the facilities will be used to refinance the existing Total Produce and Dole debt agreements.
“The facilities are expected to provide long-term sustainable capitalisation following the completion of the transaction, lowering the combined company’s average cost of capital and creating a stronger balance sheet,” Total Produce said in a statement.
Total Produce completes $1 4B refinancing amid Dole merger
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Wed, 07 Apr 2021 16:33 UTC Headhunters have indicated difficulties in finding jobs for former Trump Cabinet officials in the months since leaving their posts,
Recruiters who spoke on the condition of anonymity told the
Post that former President Trump s significantly low approval rating upon leaving office, as well as being the only president in U.S. history to be impeached twice, has deterred companies from hiring former administration officials.
The headhunters said that offering a board seat to someone associated with the Trump administration could trigger a revolt from customers, employees or shareholders. Boards don t need trouble or criticism, one headhunter told the
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Top executives seem to be wary of backlash from associating with former Trump officials.
By Tory NewmyerThe Washington Post
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Before she joined the Trump administration as transportation secretary, Elaine Chao earned millions of dollars over the past decade by serving on the boards of big public companies such as Dole Foods, Protective Life and Wells Fargo, according to corporate filings.
She offered sterling credentials to businesses eager to keep current with the Republican leadership: A former banking executive, she became the first Asian American woman to serve in a Cabinet when President George W. Bush tapped her to serve as labor secretary. She has been a regular at conservative think tanks including the Heritage Foundation and the Hudson Institute. Her husband is Senate Republican Minority Leader Mitch McConnell, R-Ky.
Headhunters having hard time finding jobs for former Trump officials: report Celine Castronuovo © Greg Nash Headhunters having hard time finding jobs for former Trump officials: report
Headhunters have indicated difficulties in finding jobs for former Trump Cabinet officials in the months since leaving their posts, The Washington Post reported Wednesday.
Recruiters who spoke on the condition of anonymity told the Post that former President Trump s significantly low approval rating upon leaving office, as well as being the only president in U.S. history to be impeached twice, has deterred companies from hiring former administration officials.
The headhunters said that offering a board seat to someone associated with the Trump administration could trigger a revolt from customers, employees or shareholders.
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