Di Giorgio $150 million eight-year notes talked to yield 10¼%-10½%, to price Monday

By Paul A. Harris

St. Louis, Jan. 20 - Price talk on Di Giorgio Corp.'s $150 million offering of eight-year senior notes (B2/B-) is 10¼% to 10½%, according to an informed source.

The notes are expected to price on Monday.

Merrill Lynch & Co. and Deutsche Bank Securities are joint bookrunners for the Rule 144A/Regulation S offering, which has no registration rights.

Proceeds will be used to help fund a tender offer for the company's existing $148.3 million of 10% senior notes due 2007 and to help fund a $10 million dividend to shareholders.

Di Giorgio is a Carteret, N.J.-based independent food distributor.

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