Case filing & court: Del Monte Foods Corporation II Inc. and 18 affiliated debtors filed chapter 11 on July 1, 2025 in the U.S. Bankruptcy Court for the District of New Jersey. Dkt. 5 Judge Michael B. Kaplan presides.
Liquidity & DIP financing: The debtors secured a $912.5 million DIP facility comprising a $500 million ABL revolver and $412.5 million term loan (including $165 million new money and $247.5 million roll-up). Dkt. 17
Sale process & bidding: The court approved auction and bidding procedures on August 13, 2025 for a sum-of-the-parts sale of the debtors' business segments. Dkt. 365 Successful bidders were announced on January 15, 2026: Fresh Del Monte (vegetables, tomatoes, refrigerated fruit, JOYBA), Pacific Coast Producers (shelf-stable fruit), and B&G Foods (broth/stock). Dkt. 1007
Mediation settlement: On December 29, 2025, the debtors filed a motion seeking approval of a mediated global settlement providing $8 million in general unsecured creditor cash recovery, with DMPL subordinating over $160 million in claims.
Current status: Sale and settlement hearings were held in late January-early February 2026, with objections pending. The case remains active with no final sale order or plan confirmation as of mid-February 2026.