The Campos family’s Del Monte Pacific Ltd. (DMPL) disclosed it is likely to fall into a capital deficit following the expected write-down of its US subsidiary, Del Monte Foods Holdings Ltd. (DMFHL), which filed for Chapter 11 restructuring.
The Campos family’s Del Monte Pacific Ltd. has settled a US lender lawsuit by taking a $20-million loan to retire disputed debt, avoiding a potential board takeover and ending a legal fight over alleged loan defaults.