Dole Food Files to Sell Millions in Debt Securities

Dole Food Co. has filed with the Securities and Exchange Commission to sell as much as $400 million of debt securities.

The Westlake Village producer of pineapples and bananas would use the proceeds for general corporate purposes, according to papers filed with the SEC. Those purposes may include debt reduction, working capital, capital expenditures and acquisitions.

The filing lets Dole register the securities in advance and sell them when financing needs arise.

Dole has $100 million of previously registered securities that remain unsold. As a result, the company will be able to raise as much as $500 million once the SEC clears the most recent filing.