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BMO Amends and Extends AgroFresh’s Revolving Credit Facility

December 24, 2019, 09:00 AM

AgroFresh Solutions, Inc., a global leader in produce freshness solutions, today announced the amendment and extension of its revolving credit facility, which enhances the Company’s liquidity and financial flexibility.

AgroFresh has entered into an agreement with Bank of Montreal to extend AgroFresh’s existing $12.5 million revolving credit facility to April 1, 2021. The amendment also includes favorable revisions to the senior secured net leverage ratio. Borrowings under the revolver may continue to be prepaid in-full or in-part at any time and borrowing rates remain the same as per the existing Credit Agreement.

Graham Miao, Executive Vice President and Chief Financial Officer, commented, "This favorable amendment demonstrates the credit worthiness of AgroFresh and our team’s continuous work toward optimizing the capital structure. The revolver extension and amended terms provide financial flexibility to meet the Company’s needs.”

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