Chiquita obtains bank waiver through Dec. 15

New York, Oct. 6 - Chiquita Brands International, Inc. said it received a waiver through Dec. 15 of compliance with some of the financial covenants in its senior credit facility.

Chiquita previously said it was requesting a waiver for the period ending Sept. 30 to give it "additional flexibility in light of the current challenging market environment facing the company."

The Cincinnati-based fresh food company - known for bananas and salads - said in an 8-K filing with the Securities and Exchange Commission on Friday that it expects to complete its financial statements for the period ending Sept. 30 by Nov. 3 and at that time it will be able to evaluate "the extent of any such non-compliance" and the impact of the current conditions on its business going forward.

It expects to request amendments to the credit agreement by Dec. 15.

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