{"schema_version":"secwatch.filing_event.v1","accession":"0001047340-24-000014","form_type":"8-K","ticker":"FDP","cik":"0001047340","company_name":"FRESH DEL MONTE PRODUCE INC","filed_at":"2024-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.221443+00:00","generated_at":"2026-06-05T14:26:22.359478+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Fresh Del Monte extends revolving credit facility maturity to 2029, reduces amount to $750M","bullets":["Maturity extended to February 21, 2029; facility reduced from $900M to $750M.","Permits up to $200M in Permitted Receivables Financing; interest at Term SOFR plus 1.0%-1.625%.","Restricted payments allow dividends up to greater of 50% of prior year net income or $25M annually.","Leverage ratio covenant set at ≤3.75x, with step-up to 4.25x for acquisitions over $100M."],"urls":{"canonical":"https://secwatch.observer/filing/0001047340-24-000014","json":"https://secwatch.observer/filing/0001047340-24-000014.json","markdown":"https://secwatch.observer/filing/0001047340-24-000014.md","text":"https://secwatch.observer/filing/0001047340-24-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1047340/000104734024000014/0001047340-24-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1047340/000104734024000014/fdp-20240221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T14:26:22.359478+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bed5e9b3832cef3efd2fb851f5f6e22426d7a9d4","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1047340/000104734024000014/0001047340-24-000014-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$0.75 billion"},{"label":"Counterparty","value":"Bank of America, N.A. as administrative agent"},{"label":"Rate","value":"Term SOFR rate plus a margin ranging from 1.0% to 1.625%"},{"label":"Maturity","value":"February 21, 2029"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"4ecdf372edf8473a3ae9cc5f5275b08dcc933de7","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1047340/000104734024000014/0001047340-24-000014-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the financial institutions and other lenders named therein, including Bank of America, N.A. as administrative agent"},{"label":"Value","value":"$0.75 billion"},{"label":"Effective","value":"2024-02-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}