October 24, 2016 11:28 PM ET

Food Products

Company Overview of Seneca Foods, LLC

Company Overview

Seneca Foods, LLC processes shelf stable fruit products. It processes peaches, pears, apricots, fruit cocktail, mixed fruit, fruit salad, nectars, and concentrates. It was formerly known as Signature Fruit Company, LLC. The company was founded in 1932 and is based in Modesto, California. Seneca Foods, LLC operates as a subsidiary of Seneca Foods Corp.

2801 Finch Road

Modesto, CA 95354

United States

Founded in 1932





Key Executives for Seneca Foods, LLC

Seneca Foods, LLC does not have any Key Executives recorded.

Seneca Foods, LLC Key Developments

Seneca Announces Third Amended and Restated Loan and Security Agreement

On July 5, 2016, Seneca Foods Corporation, Seneca Foods, LLC, Seneca Snack Company, Green Valley Foods, LLC, Marion Foods, Inc., Lebanon Valley Cold Storage, LLC, Lebanon Valley Cold Storage, LP, Portland Food Products Company, Gray & Company, and Diana Fruit Co., Inc. (collectively, the company) entered into a Third Amended and Restated Loan and Security Agreement with the financial institutions party thereto as lenders, Bank of America, N.A., as agent for Secured Parties, issuing bank, syndication agent, and lead arranger. The loan agreement provides for a senior revolving credit facility of up to $400 million that is seasonally adjusted to $500 million. Borrowings under the loan agreement may be used to satisfy existing indebtedness, to pay fees and transaction expenses associated with the closing of the credit facility, to pay obligations in accordance with the loan agreement, to make permitted acquisitions and for working capital and other lawful corporate purposes of the company, including, but not limited to, the making of capital expenditures and distributions, all in accordance with the terms of the loan agreement. The loan agreement will terminate and all amounts outstanding thereunder will be due and payable no later than July 5, 2021. The loan agreement provides that loans will bear interest, at the company's option, at the Base Rate plus a margin of 0.25% to 0.50% or LIBOR plus a margin of 1.25% to 1.50%, in each case determined based on overall company leverage as set in the Loan Agreement. The Credit Facility initially bears interest at LIBOR plus 1.25% which is the equivalent of approximately 1.70% at July 5, 2016. In addition, the Company is required to pay a commitment fee of 0.25% on the amount unused under the loan agreement.

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