DEL MONTE CORP 8-K

What Happened

• On July 15, 2026 Del Monte Corporation (f/k/a Fresh Del Monte Produce Inc.) and certain subsidiaries entered into Amendment No. 3 to their Second Amended and Restated Credit Agreement with a group of lenders led by Bank of America, N.A. as administrative agent. The amendment raises the facility limits and makes administrative updates, while all other material terms of the Credit Agreement remain unchanged. The 8-K was filed July 21, 2026 and includes the amendment as Exhibit 10.30A.

Key Details

• Revolving Commitments increased from $750,000,000 to $900,000,000.
• L/C (letters of credit) Commitments increased from $750,000,000 to $900,000,000.
• The definition of “Term SOFR” was amended to remove the prior ten (10) basis point adjustment to SOFR.
• Certain direct and indirect subsidiaries continue to guarantee obligations under the Credit Agreement; several lenders or their affiliates also provide other banking services to the company.

Why It Matters

• The amendment expands Del Monte’s available liquidity capacity (higher revolving and L/C lines), which can improve short-term funding flexibility for working capital, trade finance and other corporate needs.
• The change to the Term SOFR definition affects the benchmark used to price future borrowings under the facility and could influence interest costs tied to that rate.
• Guarantees by subsidiaries mean the credit facility remains a corporate obligation supported by the company’s group structure; relationships with existing lenders continue.