Del Monte Foods Inc. Announces Extension of Credit Facility

Agreement Extends Maturity and Increases Financial Flexibility

WALNUT CREEK, Calif.--()--Del Monte Foods, Inc., one of the nation’s largest producers, distributors and marketers of premium quality, branded food products, today announced that it has entered into an amendment to extend the terms of its existing asset-based loan (ABL) credit facility.

The amendment extends the maturity to November 20, 2020, subject to certain conditions.

“We are very pleased with the continued support from our lenders and value their continued confidence in our business,” said Greg Longstreet, Chief Executive Officer, Del Monte Foods, Inc. “This maturity extension improves our financial flexibility and allows us to remain focused on strengthening our brands and driving long-term growth.”

About Del Monte Foods

Del Monte Foods, Inc. is one of the country’s largest producers, distributors and marketers of premium quality, branded food products for the U.S. retail market. Del Monte brands include Del Monte®, Contadina®, College Inn®, S&W® and other brand names.

Contacts

Coyne PR
Tim Schramm
973-588-2107 (o) or 908-370-4771 (c)
tschramm@coynepr.com

Contacts

Coyne PR
Tim Schramm
973-588-2107 (o) or 908-370-4771 (c)
tschramm@coynepr.com