RetailWire

Del Monte Foods Secures $912.5M Debtor-in-Possession Financing Amid Bankruptcy

Del Monte Foods, the 139‑year‑old canned‑food producer, filed for Chapter 11 bankruptcy and secured $912.5 million in debtor‑in‑possession financing to keep operations running while it pursues a court‑supervised sale of its assets. The financing, arranged with key lenders, aims to provide liquidity amid falling demand and rising metal‑packaging costs.