Del Monte boosts credit commitments to $900M
Del Monte Corporation (formerly Fresh Del Monte Produce Inc.) entered into Amendment No. 3 to its Second Amended and Restated Credit Agreement on July 15, 2026 with a syndicate of lenders and Bank of America, N.A. as administrative agent.
Rhea-AI Filing Summary
Del Monte Corporation (formerly Fresh Del Monte Produce Inc.) entered into Amendment No. 3 to its Second Amended and Restated Credit Agreement on July 15, 2026 with a syndicate of lenders and Bank of America, N.A. as administrative agent. Certain direct and indirect subsidiaries continue to guarantee obligations under the facility.
The amendment increases the aggregate Revolving Commitments from $750,000,000 to $900,000,000 and also increases the aggregate L/C Commitments from $750,000,000 to $900,000,000. It also amends and restates the definition of “Term SOFR” to remove the ten (10) basis points adjustment to SOFR and makes conforming changes to reflect the company’s name change and other administrative updates.
All other material terms of the credit agreement, originally dated October 1, 2019 and previously amended on December 30, 2022 and February 21, 2024, remain unchanged. The disclosure of a direct financial obligation and off-balance sheet arrangement is tied to these expanded revolving and letter of credit commitments.
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8-K Event Classification
Key Figures
Key Terms
Revolving Commitments financial
L/C Commitments financial
Term SOFR financial
off-balance sheet arrangement financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Del Monte Corporation (DMC) change in its credit facility on July 15, 2026?
How much revolving credit capacity does Del Monte Corporation (DMC) now have?
What happened to the L/C Commitments in Del Monte Corporation’s (DMC) amendment?
How did Del Monte Corporation (DMC) modify Term SOFR in the amended credit agreement?
Which subsidiaries of Del Monte Corporation (DMC) are involved in the amended credit agreement?
Does the Del Monte Corporation (DMC) amendment change other material terms of the credit agreement?
AI-generated analysis. How Rhea-AI works. Not financial advice.