Del Monte Pacific Ltd., the Singapore and Philippines-listed food and beverage company, has announced a capital and financial recovery plan aimed at addressing its debt obligations, according to a report by Philstar Biz .
The plan is expected to include measures such as debt restructuring, asset sales, and possible equity infusion to improve the company's financial position. Del Monte Pacific has been grappling with high leverage amid challenging market conditions in the Philippines and other key markets.
The company's management is working with financial advisors to finalize the details and will seek necessary approvals from creditors and regulators. The recovery plan is part of Del Monte's broader strategy to strengthen its balance sheet and ensure long-term sustainability.