Dole Food plans private offering of $325 million senior secured notes due 2016

Dole Food plans private offering of senior notes

WESTLAKE VILLAGE, Calif. — Dole Food Co. said Friday that it plans a private offering of $325 million senior secured notes due 2016.

The food company expects to use the offering’s proceeds to redeem senior notes due June 15, 2010.

The privately held Dole, one of the world’s largest producers of fresh fruit and vegetables, also said Friday that it is planning an initial public offering of its common shares.