Di Giorgio Announces the Discharge of the Indenture and the Full Redemption of Its 10% Senior Notes Due 2007.CARTERET, N.J. -- Di Giorgio Corporation (the "Company") announced today that it completed the satisfaction and discharge of the indenture An agreement declaring the benefits and obligations of two or more parties, often applicable in the context of Bankruptcy and bond trading. The term indenture primarily describes secured contracts and has several applications in U.S. law. for its outstanding 10% Senior Notes due 2007, and commenced the full redemption of its outstanding Senior Notes. The redemption date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. for the Senior Notes has been set for July 14, 2006. On the redemption date, holders of the Senior Notes will receive $1,008.55 in cash per $1,000 principal amount of Senior Notes, which includes accrued and unpaid interest to the redemption date. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the federal securities laws. These statements are based upon the current expectations and beliefs of the Company's management and are subject to certain risks and uncertainties in the forward-looking statements. These risk and uncertainties include market conditions and other factors beyond the Company's control and the risk factors and other cautionary statements discussed in the Company's filings with the Securities and Exchange Commission. About Di Giorgio Corporation Di Giorgio Corporation, through its White Rose Food division, is one of the largest independent wholesale food distributors in the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. metropolitan area, which is one of the larger retail food markets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company serves supermarkets, both independent retailers (including members of voluntary cooperatives) and chains, principally in the five boroughs of New York City, Long Island, New Jersey and the greater Philadelphia area. The Company distributes three primary supermarket product categories: grocery, frozen and refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. . For more information on Di Giorgio, please visit the Company's website at www.whiterose.com. |
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