Del Monte Foods extends ABL facility maturity to November 2020

By Marisa Wong

Morgantown, W.Va., April 23 – Del Monte Foods Inc. said it has entered into an amendment to extend the terms of its existing asset-based loan credit facility.

The amendment extends the maturity of the ABL facility to Nov. 20, 2020, subject to some conditions.

“This maturity extension improves our financial flexibility and allows us to remain focused on strengthening our brands and driving long-term growth,” chief executive officer Greg Longstreet, commented in a press release.

Based in Walnut Creek, Calif., Del Monte Foods is a producer, distributor and marketer of branded food products for the U.S. retail market.

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