Fresh Del Monte obtains $400 million four-year revolver

By Paul A. Harris

St. Louis, March 24 - Fresh Del Monte Produce Inc. announced Monday it has obtained a new $400 million revolving credit facility, arranged and syndicated by Rabobank.

The new loan replaces the company's existing, soon-to-mature revolving credit facility and term loan, the company said in a news release stated.

No structure or interest rates were mentioned in the release.

The Coral Gables, Fla.-based company, which produces, markets and distributes fresh and fresh-cut produce, will use the credit facility primarily for general corporate purposes and investing activities, the release stated.

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