Total Produce Completes $1.44B Refinancing

Dublin-listed Total Produce, which is merging with Dole Foods in the US, has completed a $1.44 billion (€1.2 billion) refinancing.

The credit agreement with Coöperatieve Rabobank provides a $500 million five-year committed multi-currency senior secured revolving credit facility, which is available to Total Produce and its co-borrowers. It also includes a $940 million seven-year senior secured term loan facility with Bank of America.

Proceeds of the facilities will be used to refinance the existing Total Produce and Dole debt agreements.

To read the rest of the story, please go to: The Irish Times