Seneca Foods ups revolving credit facility via $50 million accordion

By Susanna Moon

Chicago, March 5 - Seneca Foods Corp. exercised $50 million of the accordion Tuesday on its revolving credit facility, boosting the size to $300 million from $250 million from April to July and to $400 million from $350 million from August to March.

The facility matures in July 2016.

The company exercised $50 million of the $200 million accordion feature on its loan agreement dated July 20, 2011, according to an 8-K filing with the Securities and Exchange Commission.

Seneca is a Marion, N.Y.-based food processor and distributor.

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