Chiquita to retire B loan and repay revolver borrowings in second quarter

By Sara Rosenberg

New York, May 4 - Chiquita Brands International Inc. plans to retire its term loan B and repay all borrowings under its revolving credit facility during the second quarter, according to a 10-Q filed with the Securities and Exchange Commission Friday.

The funds for the repayments are expected to come in part from ship sale proceeds.

Chiquita is a Cincinnati-based distributor and marketer of bananas and fresh produce.

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