SEC Info - Fresh Del Monte Produce Inc - ‘10-Q’ for 7/2/10

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Fresh Del Monte Produce Inc – ‘10-Q’ for 7/2/10 – ‘XML.R15’

On: Tuesday, 8/3/10, at 2:08pm ET · For: 7/2/10 · Accession #: 1157523-10-4628 · File #: 333-07708

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/03/10  Fresh Del Monte Produce Inc       10-Q        7/02/10   40:3.9M                                   Business Wire/FA

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Fresh Del Monte Produce Inc. 10-Q                   HTML    571K 
 2: EX-10.1     Material Contract                                   HTML     53K 
 3: EX-10.2     Material Contract                                   HTML     39K 
 4: EX-10.3     Material Contract                                   HTML     53K 
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     18K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     18K 
 7: EX-32       Certification -- §906 - SOA'02                      HTML     17K 
31: XML         IDEA XML File -- Definitions and References          XML     81K 
37: XML         IDEA XML File -- Filing Summary                      XML     49K 
35: XML.R1      Document Information                                 XML     59K 
36: XML.R2      Entity Information                                   XML    139K 
21: XML.R3      Consolidated Balance Sheets                          XML    346K 
25: XML.R4      Consolidated Balance Sheets Parentheticals           XML    130K 
29: XML.R5      Consolidated Statements of Income (Unaudited)        XML    286K 
28: XML.R6      Consolidated Statements of Cash Flows (Unaudited)    XML    381K 
39: XML.R7      General                                              XML     40K 
17: XML.R8      Recently Issued Accounting Pronouncement             XML     36K 
27: XML.R9      Asset Impairment and Other Charges                   XML     76K 
16: XML.R10     Noncontrolling Interests                             XML     48K 
15: XML.R11     Uncertain Tax Positions                              XML     35K 
20: XML.R12     Variable Interest Entities                           XML     37K 
33: XML.R13     Stock-Based Compensation                             XML     56K 
22: XML.R14     Inventories                                          XML     45K 
23: XML.R15     Long-Term Debt and Capital Lease Obligations         XML     37K 
26: XML.R16     Comprehensive Income                                 XML     71K 
40: XML.R17     Commitments and Contingencies                        XML     66K 
19: XML.R18     Earnings Per Share                                   XML     74K 
14: XML.R19     Retirement and Other Employee Benefits               XML     56K 
24: XML.R20     Business Segment Data                                XML     80K 
32: XML.R21     Derivative Financial Instruments                     XML    151K 
18: XML.R22     Fair Value Measurements                              XML     93K 
30: XML.R23     Shareholders' Equity                                 XML     38K 
38: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    597K 
 8: EX-101.INS  XBRL Instance -- fdp-20100702                        XML    639K 
10: EX-101.CAL  XBRL Calculations -- fdp-20100702_cal                XML     95K 
11: EX-101.DEF  XBRL Definitions -- fdp-20100702_def                 XML    180K 
12: EX-101.LAB  XBRL Labels -- fdp-20100702_lab                      XML    339K 
13: EX-101.PRE  XBRL Presentations -- fdp-20100702_pre               XML    226K 
 9: EX-101.SCH  XBRL Schema -- fdp-20100702                          XSD     58K 
34: ZIP         XBRL Zipped Folder -- 0001157523-10-004628-xbrl      Zip     68K

‘XML.R15’ — Long-Term Debt and Capital Lease Obligations

This Financial Report is an XBRL XML File.

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<div class="BWxbrlnote9"><div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><div><div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: left"> <a id="xbrlnote9" name="xbrlnote9" style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9. Long-Term Debt and Capital Lease Obligations</a> </div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> <br /> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> On July 17, 2009, we entered into a 3.5-year, $500 million senior secured revolving credit facility, expiring on January 17, 2013 (the "Credit Facility"), with Rabobank Nederland, New York Branch, as administrative agent and lead arranger. The Credit Facility includes a swing line facility and a letter of credit facility with a $100 million sublimit. Borrowings under the Credit Facility bear interest at a spread over the London Interbank Offer Rate ("LIBOR") that varies with our leverage ratio. The Credit Facility is collateralized directly or indirectly by substantially all of our assets and is guaranteed by certain of our subsidiaries. </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> The Credit Facility requires us to be in compliance with financial and other covenants, including limitations on capital expenditures, the amount of dividends that can be paid in the future, the amount and types of liens and indebtedness, material asset sales and mergers. As of July 2, 2010, we were in compliance with all of the covenants contained in the Credit Facility. The Credit Facility permits borrowings under the revolving commitment with an interest rate (3.11 % at July 2, 2010) determined based on our leverage ratio and spread over LIBOR. In addition, we pay a fee on unused commitments. </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> At July 2, 2010, we had $292.5 million available under committed working capital facilities, primarily under the Credit Facility. At July 2, 2010, we applied $18.7 million to the letter of credit facility, comprised primarily of certain contingent obligations and other governmental agency guarantees combined with guarantees for purchases of raw materials and equipment. Included in the letter of credit facility, $2.9 million relates to a debt guarantee for a VIE. We also had $9.9 million in other letters of credit and bank guarantees not included in the letter of credit facility. Refer to Note 6, <font style="DISPLAY: inline; FONT-STYLE: italic">"Variable Interest Entities",</font> for further discussion of VIEs. </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> At July 2, 2010, we had $216.0 million of long-term debt and capital lease obligations, including the current portion, consisting of $203.2 million outstanding under the Credit Facility, $4.7 million of capital lease obligations and $8.1 million of other long-term debt and notes payable. </div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> <br /> </div> </div></div></div></div>

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1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/24/21  Fresh Del Monte Produce Inc.      10-K        1/01/21  124:21M

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Filing Submission 0001157523-10-004628 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Fresh Del Monte Produce Inc – ‘10-Q’ for 7/2/10 – ‘XML.R15’

On: Tuesday, 8/3/10, at 2:08pm ET · For: 7/2/10 · Accession #: 1157523-10-4628 · File #: 333-07708

Previous ‘10-Q’: ‘10-Q’ on 5/4/10 for 4/2/10 · Next: ‘10-Q’ on 11/2/10 for 10/1/10 · Latest: ‘10-Q’ on 5/3/24 for 3/29/24 · 1 Reference: By: Fresh Del Monte Produce Inc. – ‘10-K’ on 2/24/21 for 1/1/21

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘XML.R15’ — Long-Term Debt and Capital Lease Obligations

This Financial Report is an XBRL XML File.

1 Subsequent Filing that References this Filing

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents