Del Monte raises revolving credit facility to $900 million under amended loan agreement
DMC•Credit facility increased under amended agreement
Del Monte entered a third amendment to its revolving credit agreement dated Oct. 1, 2019, with Bank of America as administrative agent.
- Revolving commitments increased to $900 million from $750 million.
- Letter of credit commitments increased to $900 million from $750 million.
- The definition of Term SOFR was revised to remove a 10 basis point adjustment to SOFR.
