---
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"
generated_at: "2026-06-05T14:26:22.359478+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Fresh Del Monte extends revolving credit facility maturity to 2029, reduces amount to $750M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001047340-24-000014
- JSON: https://secwatch.observer/filing/0001047340-24-000014.json
- Plain text: https://secwatch.observer/filing/0001047340-24-000014.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1047340/000104734024000014/0001047340-24-000014-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1047340/000104734024000014/0001047340-24-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.