Village Farms International Enters Material Definitive Agreement

TL;DR

VFF signed a big deal, details TBD.

AI Summary

Village Farms International, Inc. announced on May 24, 2024, that it has entered into a material definitive agreement. The filing does not provide specific details about the agreement, its terms, or any associated financial figures.

Why It Matters

This filing indicates a significant new development for Village Farms International, potentially impacting its business operations and future financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and implications of the material definitive agreement.

Key Players & Entities

• Village Farms International, Inc. (company) — Registrant

FAQ

Filing Documents

• vff-20240524.htm (8-K) — 41KB
• vff-ex99_1.htm (EX-99.1) — 20KB
• img264507375_0.jpg (GRAPHIC) — 9KB
• 0000950170-24-067298.txt ( ) — 194KB
• vff-20240524.xsd (EX-101.SCH) — 25KB
• vff-20240524_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Amendment to Term Loan Facility. On May 24, 2024, Village Farms International, Inc. ("Village Farms" or "the Company"), entered into a Second Amended and Restated Credit Agreement (the "Amendment") with Bank of Montreal ("BMO") as the lender. The Amendment, among other things, extends the maturity date to May 24, 2027. The Amendment amends and restates the Company's exiting Amended and Restated Credit Agreement with BMO dated May 7, 2021 (the "Credit Agreement"). A copy of the Credit Agreement was filed as Exhibit 10.1 to the Company's quarterly report on Form 10-Q for the quarterly period ended March 31, 2021 and filed with the Securities and Exchange Commission on May 10, 2024.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On May 31, 2024, the Company issued a press release announcing the Amendment as described above. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety. The information contained in this Current Report on Form 8-K under Item 7.01, including Exhibit 99.1, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section. The information contained in this Current Report on Form 8-K under Item 7.01, including Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 99.1 Press Release dated May 31, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Village Farms International, Inc. Date: May 31, 2024 By: /s/ Stephen C. Ruffini Name: Stephen C. Ruffini Title: Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR