{"id":982095,"date":"2026-07-16T06:04:38","date_gmt":"2026-07-16T10:04:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/del-monte-corporation-announces-150-million-upsizing-of-revolving-credit-facility-to-900-million\/"},"modified":"2026-07-16T06:04:38","modified_gmt":"2026-07-16T10:04:38","slug":"del-monte-corporation-announces-150-million-upsizing-of-revolving-credit-facility-to-900-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/del-monte-corporation-announces-150-million-upsizing-of-revolving-credit-facility-to-900-million\/","title":{"rendered":"Del Monte Corporation Announces $150 Million Upsizing of Revolving Credit Facility to $900 Million"},"content":{"rendered":"

<\/p>\n

Del Monte Corporation Announces $150 Million Upsizing of Revolving Credit Facility to $900 Million<\/b><\/p>\n

CORAL GABLES, Fla.–(BUSINESS WIRE<\/a>)–Del Monte Corporation<\/a> (NYSE: DMC) today announced that it has successfully amended its existing senior unsecured revolving credit facility, increasing total commitments by $150 million to $900 million.<\/p>\n

\nThe amended revolving credit facility retains its existing maturity date of February 21, 2029, along with substantially unchanged terms and conditions, including its $50 million swingline sub facility and accordion feature. The amended revolving credit facility also retains its accordion feature, which permits the Company, subject to lender commitments and certain other conditions, to request additional revolving commitments or incremental term loans.<\/p>\n

\nThe increased revolving credit capacity enhances the Company\u2019s financial flexibility as it integrates its recently completed acquisition and supports seasonal working capital requirements associated with the business.<\/p>\n

\n\u201cThis amendment further strengthens our liquidity position while maintaining the attractive terms of our existing credit facility,\u201d said Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer. \u201cThe additional capacity provides us with greater financial flexibility to support our growth strategy, fund seasonal working capital needs, and continue executing on the successful integration of our recent acquisition.\u201d<\/p>\n

\nThe amended facility continues to be unsecured and is available for general corporate purposes, including working capital, capital expenditures, acquisitions, and other strategic initiatives.<\/p>\n

About Del Monte Corporation<\/b><\/p>\n

Del Monte Corporation<\/a> is one of the world’s leading vertically integrated producers, distributors and marketers of fresh and shelf-stable food products, with products sold in more than 90 countries worldwide. As the global owner of the Del Monte\u00ae brand, subject to certain existing licensing arrangements, the company operates across fresh produce, fresh-cut fruit and vegetables, refrigerated foods and shelf-stable categories, serving consumers around the world with a portfolio built on quality, innovation and trust. Formerly Fresh Del Monte Produce Inc., the company changed its corporate name to Del Monte Corporation in June 2026, reflecting its expanded role as steward of one of the world’s most recognized food brands and its commitment to unlocking new opportunities for growth, innovation and global brand expansion. The Del Monte\u00ae brand has been a symbol of quality, freshness and reliability for more than 135 years. Del Monte Corporation is not affiliated with certain other Del Monte companies around the world, including Del Monte Asia Pte. Ltd. The company is the first global marketer of fruits and vegetables to commit to the Science Based Targets initiative and has been recognized as one of America’s Most Trusted Companies by Newsweek and named a Humankind 100 Company by Humankind Investments.<\/p>\n

Forward-Looking Information<\/b><\/p>\n

\nThis press release contains certain forward-looking statements regarding the intent, beliefs or current expectations of the Company. These statements include statements that are preceded by, followed by or include the words \u201cbelieves\u201d, \u201cexpects\u201d, \u201canticipates\u201d, \u201cmay\u201d or similar expressions with respect to various matters. Specifically, this press release contains forward-looking statements regarding the Company\u2019s expectations regarding the benefit of the new increased credit commitments, including that the additional capacity will provide the Company with greater financial flexibility to support its growth strategy, fund seasonal working capital needs, and continue executing on the successful integration of its recent acquisition. . It is important to note that these forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties and assumptions that may cause the Company\u2019s actual plans and performance to differ materially from those in the forward-looking statements as a result of various factors, including the Company\u2019s continued compliance with its obligations under the credit agreement, including conditions for borrowings under the revolving credit facility. In addition, these forward-looking statements are qualified in their entirety by cautionary statements and risk factor disclosures contained in the Company\u2019s Securities and Exchange Commission filings, including the Company\u2019s most recently filed Annual Report on Form 10-K. All forward-looking statements in this press release are based on information available to us on the date hereof, and the Company assumes no obligation to update such statements.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260716823020\/en\/<\/a><\/span><\/p>\n

Investor Relations Contact:
\n<\/b>
Christine Cannella
\n
Vice President, Investor Relations
\n
ccannella@freshdelmonte.com<\/a><\/p>\n

Media Contact:
\n<\/b>
Claudia Pou
\n
Vice President, Global Head of Corporate Communications
\n
communications@freshdelmonte.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Florida<\/p>\n

INDUSTRY KEYWORDS:<\/b> Retail Other Retail Supermarket Agriculture Natural Resources Food\/Beverage<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Del Monte Corporation Announces $150 Million Upsizing of Revolving Credit Facility to $900 Million CORAL GABLES, Fla.–(BUSINESS WIRE)–Del Monte Corporation (NYSE: DMC) today announced that it has successfully amended its existing senior unsecured revolving credit facility, increasing total commitments by $150 million to $900 million. The amended revolving credit facility retains its existing maturity date of February 21, 2029, along with substantially unchanged terms and conditions, including its $50 million swingline sub facility and accordion feature. The amended revolving credit facility also retains its accordion feature, which permits the Company, subject to lender commitments and certain other conditions, to request additional revolving commitments or incremental term loans. The increased revolving credit capacity enhances the Company\u2019s financial flexibility as it integrates … <\/p>\n

Continue reading “Del Monte Corporation Announces $150 Million Upsizing of Revolving Credit Facility to $900 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-982095","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDel Monte Corporation Announces $150 Million Upsizing of Revolving Credit Facility to $900 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/del-monte-corporation-announces-150-million-upsizing-of-revolving-credit-facility-to-900-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Del Monte Corporation Announces $150 Million Upsizing of Revolving Credit Facility to $900 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Del Monte Corporation Announces $150 Million Upsizing of Revolving Credit Facility to $900 Million CORAL GABLES, Fla.–(BUSINESS WIRE)–Del Monte Corporation (NYSE: DMC) today announced that it has successfully amended its existing senior unsecured revolving credit facility, increasing total commitments by $150 million to $900 million. The amended revolving credit facility retains its existing maturity date of February 21, 2029, along with substantially unchanged terms and conditions, including its $50 million swingline sub facility and accordion feature. The amended revolving credit facility also retains its accordion feature, which permits the Company, subject to lender commitments and certain other conditions, to request additional revolving commitments or incremental term loans. 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