Del Monte Foods Co.  said its wholly owned subsidiary, Del Monte Corp., is making a private placement offering of US$450 million in aggregate principal amount of senior subordinated notes (new notes).

The announcement does not constitute an offer to sell or the solicitation of an offer to buy the new notes, according to the company. The new notes will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the US absent registration or an applicable exemption from registration requirements.