. Obligor profile Restructuring date August 2024 Current rating/Outlook CCC/Negative/-- Location/Primary industry/GICS U.S./Branded nondurables/Agricultural products and services Post-exchange total reported debt (estimated net change) $1.3 billion (exchanged at par) Forecasts (fiscal year end April 28, 2025) Liquidity ratio (x)/Assessment:<1x/Weak Debt to EBITDA (S&P Global Ratings adjusted; x) Not meaningful EBITDA interest coverage (S&P Global Ratings adjusted; x)<1 GICS--Global Industry Classification Standard. Source: S&P Global Ratings. A group of existing lenders provided a $240 million new money first-lien, first-out term loan, issued by Del Monte Foods Corp. II Inc. (DMFC II), a new unrestricted subsidiary of parent company Del Monte Foods Inc. (DMFI). Substantially all assets previously securing the pre-exchange $712 million term loan at DMFI will be transferred
