debt
confidence high
sentiment neutral
materiality 0.55
Del Monte increases revolving credit facility by $150M to $900M, removes SOFR adjustment
FRESH DEL MONTE PRODUCE INC
- Revolving commitments increased from $750M to $900M; L/C commitments also increased to $900M.
- Amendment removes the 10 basis point SOFR adjustment, reducing borrowing costs on Term SOFR loans.
- Other changes include name change to Del Monte Corporation and addition of EU borrower provisions.
- The amendment was effective July 15, 2026; lenders include Bank of America, Rabobank, PNC.