The agreement offers Greenyard room to grow over the five-year maturity period of the loans and execute its Strategy 2030.
Geert Peeters, chief financial officer of Greenyard, commented, "We are pleased to see the trust of our banks, existing and new, in the future of this company.
"We believe that fruit and vegetables are at the heart of current consumer trends. They are the core of healthy and sustainable diets, and with Greenyard we play an important role in delivering these products to consumers across the world."
The transaction comprises a € 220m senior secured term loan A and a € 200m senior secured revolving credit facility with a syndicate of banks, including existing and new lenders.
The documentation includes a leverage-based margin between 250bps and 175bps for the term loan, and between 225bps and 150bps for the revolving credit facility, the company added.
Upon closing, the proceeds will be used to refinance its existing loans.
A significant part of the floating debt rate has been pre-hedged before summer, Greenyard added.
Greenyard hopes that the extension will provide the company with 'management continuity' necessary to continue the roll-out of its long-term strategy, building on its financial basis which was created over the past years.