Whole Earth Brands, a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, announced it completed an amendment, effective June 15, 2022, to its amended and restated credit agreement with its lenders. The Agreement was amended to (i) reflect a $50 million increase in the size of the Company’s existing revolving credit facility from $75 million to $125 million; and (ii) to replace LIBOR with SOFR as the reference interest rate. There were no other substantive changes to the Agreement.

Three lenders participated in the $50 million increase to the revolving credit facility agented by TD Securities: The Toronto-Dominion Bank, New York Branch, Truist Bank, and BMO Harris Bank.

“We are grateful to our lending partners for their support and the confidence they have in the Company executing its business plan. We believe that the additional financial flexibility afforded to us through the upsized revolver will allow us to continue our profitable growth journey while preserving ample liquidity," said Duane Portwood, Chief Financial Officer.