secwatch / observer
8-K filed February 26, 2024, 6:59 PM ET ticker FDP CIK 0001047340
debt confidence high sentiment neutral materiality 0.55

FRESH DEL MONTE PRODUCE INC (FDP): debt financing — Fresh Del Monte extends revolving credit facility maturity to 2029, reduces amount to $750M

FRESH DEL MONTE PRODUCE INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FRESH DEL MONTE PRODUCE INC amended revolving credit of $0.75 billion with Bank of America, N.A. as administrative agent at Term SOFR rate plus a margin ranging from 1.0% to 1.625% maturing February 21, 2029.

Instrument
revolving credit
Principal
$0.75 billion
Counterparty
Bank of America, N.A. as administrative agent
Rate
Term SOFR rate plus a margin ranging from 1.0% to 1.625%
Maturity
February 21, 2029
Event
amendment
Exact text from the filing
as of December 30, 2022 (as amended, the “Amended Credit Agreement”). The Second Amendment extended the existing maturity date to February 21, 2029 and provides for a five-year, $0.75 billion syndicated senior unsecured revolving credit facility (as compared to the prior amount of $0.90 billion). The Second Amendment also permits, under certain conditions, $200
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FRESH DEL MONTE PRODUCE INC amended Amendment No. 2 to Second Amended and Restated Credit Agreement with the financial institutions and other lenders named therein, including Bank of America, N.A. as administrative agent valued at $0.75 billion (effective 2024-02-21).

Action
amendment
Agreement
credit facility
Counterparty
the financial institutions and other lenders named therein, including Bank of America, N.A. as administrative agent
Value
$0.75 billion
Effective
2024-02-21
Exact text from the filing
On February 21, 2024, Fresh Del Monte Produce Inc. (the “Company”) and certain of its subsidiaries entered into Amendment No. 2 to Second Amended and Restated Credit Agreement (the “Second Amendment”) with the financial institutions and other lenders named therein, including Bank of America, N.A. as administrative agent.
View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

FRESH DEL MONTE PRODUCE INC filing history →

Source: SEC EDGAR
accession 0001047340-24-000014
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