Chiquita Brands International Inc. could peel some debt off its $350 million shelf registration as early as today, high-yield market sources say.

The company appears to be considering a senior note offering of between $200 million and $300 million with a 10-to-12-year maturity. By one account the estimated coupon rate was between 9 1/4 to 9 1/2%. Another source descibed that as "propably a little rich."

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