Del Monte Group Said to Consider Up to $800 Million Equity Raise

Del Monte Group is considering raising as much as $800 million in equity to pare debt, according to people with knowledge of the matter.

The food and beverage company is working with a financial adviser to explore options for a potential offering that could be done via a rights issue or a placement, said the people, asking not to be named because the process is private. Considerations are an early stage and no final decisions have been made, the people said.

“We have plans to raise equity and lower leverage for parent DMPL and main operating entity DMPI,” Del Monte ...