14th Apr 2021 14:34
Total Produce PLC - Dublin-based fresh produce provider - Enters into credit agreement with the New York branch of Cooperatieve Rabobank UA for a USD500 million five-year committed multi-currency senior secured revolving credit facility.
Says credit agreement also provides for a USD940 million seven-year US dollar senior secured term loan facility with Bank of America NA. Notes this will be available once the agreement for the combination of Total Produce and Dole Food Co Inc under the new US-listed company, Dole PLC, has been completed.
"Proceeds of the facilities will be used to refinance the existing Total Produce and Dole debt facilities, with the exception of the Dole vessel financing and certain other group bilateral facilities which will remain post completion of the transaction," says Total Produce.
Current stock price: 180.00 pence, up 5.9% on Wednesday
Year-to-date change: up 47%
By Zoe Wickens; [email protected]
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