Chiquita Brands International has entered into a US$350m senior secured credit agreement with various lenders, to complete the company’s previously announced refinancing plan.
Go deeper with GlobalData
The company said the agreement will allow it to “focus further on successfully executing its profitable growth strategy”.
“We are very pleased with the outcome of the refinancing we have achieved during a period of turbulent financial markets, and we appreciate the continuing support provided by our bank partners,” said Fernando Aguirre, chairman and CEO. “I am confident that our strengthened balance sheet will enhance our ability to achieve sustainable, profitable growth.”
The new six-year secured credit facility consists of a US$150m revolving credit facility and a $200m term loan.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
