
Dole Food Company, Inc. Announces Expiration Of Exchange Offer
Westlake Village, California - July 26, 2002
Dole Food Company, Inc. (NYSE: DOL) announced today that as of 5:00 p.m., New York City time on July 23, 2002, its exchange offer (the 'Exchange Offer') to exchange up to $400.0 million principal amount of newly issued 7-1/4% Senior Notes Due 2009 registered under the Securities Act of 1933, as amended (the 'Securities Act'), for a like principal amount of its outstanding privately placed 7-1/4% Senior Notes Due 2009 expired, and that all of the privately placed 7-1/4% Senior Notes Due 2009 were tendered in the Exchange Offer and accepted.
Exchange offers of this kind are customary in transactions in which notes have been issued in a private placement satisfying the requirements of Rule 144A and Regulation S promulgated under the Securities Act, as were the tendered notes.
Dole Food Company, Inc., with 2001 revenues of $4.5 billion, is the world's largest producer and marketer of high-quality fresh fruit, fresh vegetables and fresh-cut flowers, and markets a growing line of packaged foods.