Dole Sells $400 Million in Notes to Refinance Debt

Dole Food Co., based in Westlake Village, said it sold $400 million of senior notes to refinance debt.

The issue included $225 million of notes bearing interest at 6.75% and maturing in the year 2000. The remaining $175 million of notes bear interest at 7.875% and are due in 2013.

Dole is a diversified concern with interests in food production and distribution, commercial and industrial real estate development and resorts.