Food and Staples Retailing
Company Overview of Chiquita Brands L.L.C.
Chiquita Brands L.L.C. markets and distributes bananas, fresh produce, and packaged salads primarily in the United States. The company has three segments: Bananas, Fresh Select, and Fresh Cut. The Bananas segment engages in the purchase and production, transportation, marketing, and distribution of bananas. The Fresh Select segment sources, markets, and distributes whole fresh fruits and vegetables other than bananas, such as citrus fruits, stone fruits, apples, grapes, melons, pineapples, kiwis, and tomatoes. The Fresh Cut segment offers value-added salads and food service, as well as involves in fresh-cut fruit operations. The company serves primarily retailers and wholesalers. Chiquita Br...
250 East Fifth Street
Cincinnati, OH 45202
Key Executives for Chiquita Brands L.L.C.
Chiquita Brands L.L.C. does not have any Key Executives recorded.
Chiquita Brands L.L.C. Key Developments
Chiquita Brands L.L.C. to Terminate License Agreement with Mojo Organics, Inc
May 29 15
As previously reported, on August 15, 2012, Mojo Organics Inc. entered into a Juice License Agreement with Chiquita Brands L.L.C. Pursuant to the License Agreement, CBLLC granted to the company an exclusive license to use CBLLC's marks with respect to certain fruit juice products in select containers in Connecticut, New Jersey and New York and a non exclusive license for the other states. On March 27, 2015, CBLLC provided the company with a letter terminating the License Agreement effective September 27, 2015 and demanding certain payments. On May 29, 2015, the company and CBLLC entered into letter agreement pursuant to which the parties provided the other mutual releases and the company agreed to pay CBLLC a confidential settlement amount upon signing the letter agreement and an additional confidential settlement amount within 60 days of signing the letter agreement. The company also retained the right to sell-off existing licensed products through October 31, 2015.
Chiquita Brands International Inc. and Chiquita Brands L.L.C. Announces Results of Change of Control Tender Offer for its 7.875% Senior Secured Notes Due 2021
Mar 10 15
Chiquita Brands International Inc. and Chiquita Brands L.L.C. announced the results of their tender offer (the Tender Offer) to purchase for cash any and all of their outstanding $191,250,000 aggregate principal amount of 7.875% Senior Secured Notes due 2021 (the Notes), at a purchase price equal to 101% of the principal amount thereof. The tender offer was made to satisfy the requirements of the indenture governing the Notes as a result of a change of control transaction.
Chiquita Brands International, Inc. and Chiquita Brands L.L.C. Announces Change of Control Tender Offer for its 7.875% Senior Secured Notes due 2021
Feb 3 15
Chiquita Brands International Inc. and Chiquita Brands L.L.C. announced that they have commenced a tender offer to purchase for cash any and all of their outstanding $233,750,000 aggregate principal amount of 7.875% Senior Secured Notes due 2021 at a purchase price equal to 101% of the principal amount thereof. The Tender Offer is being made to satisfy the requirements of the indenture governing the Notes as a result of a change of control transaction. The Tender Offer is being made upon the terms and conditions in the Offer to Purchase and related Letter of Transmittal dated February 3, 2015. The Tender Offer will expire at 5:00 p.m., New York City time, on March 4, 2015, unless extended or terminated as described in the Offer to Purchase. Notes tendered may be withdrawn at any time prior to 5:00 p.m., New York City time, on February 27, 2015, unless extended as described in the Offer to Purchase. Holders must validly tender their Notes at or prior to the Expiration Date to be eligible to receive the Purchase Price. Payment for Notes that are validly tendered at or prior to the Expiration Date and not validly withdrawn at or prior to the Withdrawal Deadline will occur on the "Payment Date", which is expected to be on or about March 5, 2015. In addition, holders whose Notes are accepted for payment pursuant to the Tender Offer will be entitled to any accrued and unpaid interest to, but not including, the Payment Date on those Notes.
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