Paul Hastings Advises Rabobank on Cross-Border Financing to Fresh Del Monte Products
Atlanta, GA (July 20, 2009) - Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that the firm advised Rabobank Nederland, as lead arranger and administrative agent, on a large cross-border financing to Fresh Del Monte Produce and certain of its U.S. and non-U.S. subsidiaries.
The new $500 million facility replaces Fresh Del Monte's existing revolving credit facility and term loan scheduled to mature in November 2009 and May 2011, respectively. The transaction closed on July 17, 2009.
"Successfully completing a complex financing of this nature requires the ability to form strong legal teams that cross borders and disciplines to meet the clients' specific needs," said Atlanta partner Cindy Davis, who lead the Paul Hastings team.
In addition to Cindy Davis, the Paul Hastings team included associates Jonathan Moore and Behrouz Kianian, as well as lawyers in the firm's London, Hong Kong, and Tokyo offices.
Rabobank focuses on the food, beverage, and agribusiness sectors offering specialized products and services from 2000 offices in more than 50 countries. Fresh Del Monte Produce is an integrated producer, marketer, and distributor of fresh fruit and vegetables and producer and distributor of prepared foods in Europe, Africa, and the Middle East.
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