---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-038531"
form_type: "8-K"
ticker: "SENEB"
cik: "0000088948"
company_name: "Seneca Foods Corp"
filed_at: "2024-12-30T23:59:59+00:00"
generated_at: "2026-05-28T22:58:02.417955+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Seneca Foods enters $450M revolving credit facility with Wells Fargo, maturing Dec 2029

## Summary
- New $450M senior revolving credit facility (seasonally adjusted to $400M) with Wells Fargo as agent and lead arranger.
- Borrowing base based on eligible accounts receivable and inventory; commitment fee on unused portion.
- Financial covenant includes minimum fixed charge coverage ratio when availability < 10% of commitments or $30M.
- Prior $450M facility with Bank of America terminated with no prepayment penalties.
- Collateral consists of substantially all non-realty assets; fully guaranteed by subsidiaries.

## SEC filing metadata
- accession: 0001437749-24-038531
- form_type: 8-K
- ticker: SENEB
- cik: 0000088948
- company_name: Seneca Foods Corp
- filed_at: 2024-12-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88948/000143774924038531/0001437749-24-038531-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88948/000143774924038531/senea20241212_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-038531
- JSON: https://secwatch.observer/filing/0001437749-24-038531.json
- Plain text: https://secwatch.observer/filing/0001437749-24-038531.txt

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