U.S.-based manufacturer and marketer of branded and private-label primarily shelf-stable fruit, vegetable, tomato, and broth products, Del Monte Foods Inc. (DMF) has announced that it plans to upsize its proposed first-lien term loan to $710 million from $650 million and downsize its proposed second-lien term loan to $260 million from $280 million. Both issues were previously rated on Nov. 7, 2013. Our 'B+' issue-level rating remains unchanged on the company's now $710 million first-lien term loan. The recovery rating remains '2', indicating that lenders could expect substantial (70% to 90%) recovery in the event of a payment default. Our 'CCC+' issue-level rating remains unchanged on the company's now $260 million second-lien term loan. The recovery rating is '6', indicating that
