Total Produce Plc Total Produce completes $1.44bn refinancing (3645V)
2021年4月14日 - 3:00PM
ＲＮＳを含む英国規制内ニュース （英語）
TIDMTOT
RNS Number : 3645V
Total Produce Plc
14 April 2021
14 April 2021
Total Produce plc
Total Produce completes $1.44bn refinancing
Total Produce plc ("Total Produce") announced today that it has
entered into a credit agreement with Coöperatieve Rabobank U.A.,
New York Branch, as administrative agent and collateral agent, the
lenders that are party thereto and certain of its subsidiaries. The
credit agreement provides for a $500 million five-year committed
multi-currency senior secured revolving credit facility, which is
available to Total Produce and its co-borrowers.
The credit agreement also provides for a $940 million seven-year
U.S. dollar senior secured term loan facility with Bank of America
N.A., as administrative agent, to be available upon the
consummation of certain conditions provided therein, including the
closing under the previously announced transaction agreement for
the combination of Total Produce and Dole Food Company, Inc., under
a newly created U.S. listed company, Dole plc ("the
Transaction").
Upon the completion of the Transaction, the revolving credit
facility will be available to Dole plc and certain of its
subsidiaries, and the term loan facility ("the Facilities") will be
available to Total Produce USA Holdings Inc. Proceeds of the
Facilities will be used to refinance the existing Total Produce and
Dole debt facilities, with the exception of the Dole vessel
financing and certain other group bilateral facilities which will
remain post completion of the Transaction. Both of the Facilities
will be syndicated.
Coöperatieve Rabobank U.A. is the sole bookrunner and sole lead
arranger for the revolving credit facility and Bank of America
Securities, Inc., Coöperatieve Rabobank U.A. and Goldman Sachs Bank
USA are the joint bookrunners and joint lead arrangers for the term
loan facility.
The Facilities are expected to provide long-term sustainable
capitalisation following the completion of the Transaction,
lowering the combined company's average cost of capital and
creating a stronger balance sheet.
For further information, please contact:
Brian Bell, Wilson Hartnell PR
Tel: +353-1-669 0030
Ivan Murphy, Davy Corporate Finance
Tel: +353-1-679 6363
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END
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(END) Dow Jones Newswires
April 14, 2021 02:00 ET (06:00 GMT)
Total Produce (LSE:TOT)
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から 11 2024 まで 12 2024
Total Produce (LSE:TOT)
過去 株価チャート
から 12 2023 まで 12 2024
