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Fresh Del Monte refinances loans
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CORAL GABLES, Fla. - Fresh Del Monte Produce Inc. said Monday it has refinanced a credit facility and term loan with a new $500 million senior secured revolving credit facility.
The new credit facility matures Jan. 17, 2013, and bears interest at the London Interbank Offered Rate, or Libor, plus a margin that varies with the company's leverage ratio.
The new credit revolver replaces a credit facility that was due in November 2009 and a term loan due in May 2011.
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