Del Monte Foods Corporation II Inc. has filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey to enhance its financial position and facilitate a strategic sale of its assets.

• $912.5 million in debtor-in-possession financing secured to support operations during restructuring
• Greg Longstreet, President and CEO, stated that this step is essential for the company’s turnaround
• The restructuring will ensure continued operations and that non-U.S. subsidiaries remain unaffected