Fresh Del Monte amends, restates $1.1 billion credit facility

By Sarah Lizee

Olympia, Wash., Oct. 1 – Fresh Del Monte Produce Inc. entered into an amended and restated $1.1 billion senior unsecured credit facility, according to a press release.

Bank of America, NA is the lead arranger, bookrunner and agent.

The credit facility was extended to Oct. 1, 2024 from April 15, 2020.

The amendment also added an accordion feature to increase the maximum availability by up to $300 million, subject to certain conditions and the lenders’ consent.

The company intends to use funds borrowed under the amended and restated credit facility from time to time for general corporate purposes, working capital, capital expenditures and other investment opportunities.

Fresh Del Monte is a Coral Gables, Fla.-based fruit and vegetable company.

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