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Carl Collen

BY CARL COLLEN

Rabobank agrees Total Produce loan

Netherlands-based finance group agrees US$300m bridging loan to fund Total Produce’s strategic investment in Dole

Rabobank agrees Total Produce loan

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As part of the transaction, Total Produce will also be raising additional equity and debt, with Rabobank the co-lead manager on the equity placing.

Total Produce’s acquisition of Dole, which was announced on the Dublin stock exchange yesterday, will be subject to anti-trust review in a limited number of jurisdictions and is expected to close by the middle of 2018.

Rabobank has been Total Produce’s banking partner since its inception.

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