Dole Food Co., Westlake Village, Calif., said it received a new five-year, $1 billion credit line for general corporate purposes to replace its existing credit facility.

Participating in the new financing package are the banking units of Citicorp, BankAmerica Corp., Chase Manhattan Corp., Chemical Banking Corp., and NationsBank Corp.

David Murdock, Dole's chief executive, said the syndication was 50% over-subscribed.

"We were pleased, once again, to receive such strong support from our banking group," he said.

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