(March 13) WESTLAKE VILLAGE, Calif. — Dole Food Co. Inc. plans to offer $375 million in senior notes, with proceeds to be used in connection with a plan by its chief executive officer to take the fruit and vegetable producer and marketer private.

On March 26, Dole’s board is scheduled to vote on a $1.43 billion — $33.50 per share — offer from David Murdock, the company’s chairman and CEO, for the 76% stake in the company that he and his family don’t already own.

“There’s a combination of needing funds to pay off the nonaffiliated shareholders, about 43 million to 44 million shares that are not owned by Murdock and his family,” said Michael Carter, Dole’s general counsel. “Then, you have the bonds that the company currently has outstanding that it is going to be paying off.”

Westlake Village-based Dole’s proposed new holding company, DHM Holding Co., plans to issue an additional $75 million in notes, the company said. Proceeds from the holding company would be used to buy up shares that Murdock would purchase in his effort to buy all stock he does not hold.

“I think it’s a good move (by Dole),” said Eric Larson, an analyst with U.S. Bancorp Piper Jaffray, Minneapolis. “They got a rea-sonable valuation, and it’s a good company. Profits are strong. I think Murdock is getting a good value here.”

The company’s shares closed at $33.23 March 13 on the New York Stock Exchange.