Financing ·
On August 31, 2026, Cal-Maine Foods entered into a Second Amended and Restated Credit Agreement with BMO Bank N.A.…
CALMCal-Maine Foods Inc
On August 31, 2026, Cal-Maine Foods entered into a Second Amended and Restated Credit Agreement with BMO Bank N.A., establishing a $250 million senior unsecured revolving credit facility maturing on August 31, 2031. The agreement includes a $25 million sublimit for standby letters of credit and swingline loans, plus an accordion feature allowing up to $250 million in additional commitments. Financial covenants require a maximum Total Funded Debt to Capitalization Ratio of 50% and minimum tangible net worth of $1.5 billion plus 50% of consolidated net income. As of September 1, 2026, no amounts were drawn, though $5.9 million in standby letters of credit were issued. Cal-Maine Foods is a poultry producer specializing in the production and distribution of shell eggs.