CHIQUITA FILES SHELF REGISTRATION
CHIQUITA FILES SHELF REGISTRATION CINCINNATI, Nov. 13 /PRNewswire/ -- Chiquita Brands International,
Inc. (NYSE: CQB) announced today that it has filed a shelf registration statement for up to $350 million of senior debt securities with the Securities and Exchange Commission. The debt securities will be issued at times, and on terms, to be determined by Chiquita.
"We believe that the current interest rate environment provides an excellent opportunity to raise low-cost capital," said Keith E. Lindner, president and chief operating officer, "and we anticipate that only a portion of the $350 million will be issued in 1991." The proceeds of the debt securities will be used for general corporate purposes, which may include acquisitions of and investments in foreign and domestic food-related businesses, agricultural land and production and transportation facilities and other capital expenditures, and repayment of debt. Chiquita is a leading international marketer, processor and producer of quality fresh and prepared food products. -0- 11/13/91 /CONTACT: Sandra W. Heimann of Chiquita Brands International, Inc., 513-784-8011/ (CQB) CO: Chiquita Brands International, Inc. ST: Ohio IN: FOD SU: OFR KK -- CL013 -- 3791 11/13/91 09:16 EST
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|Date:||Nov 13, 1991|
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