Chiquita Brands International Inc. reports successfully executing a refinancing deal that allows it to pay debts and gain a new $200 million senior secured credit agreement.

Officials with the Charlotte, N.C.-based company said Feb. 5 in a news release that they sold $425 million in senior secured notes that are due in 2021. Those notes are at a 7.875% rate. The sale closed Feb. 5.

With the completion of the deal, Chiquita repaid all of its obligations from an existing secured credit agreement and seven senior notes at 0.5%.

The company offered the notes in the U.S. to qualified institutional buyers and outside the U.S. to specific non-U.S. individuals in accordance with the Securities Act.

The refinancing comes after Chiquita’s projections in late January that its fourth quarter of 2012 and year-end report for 2012 would be lower than previously anticipated.

A statement from the company predicted fourth quarter 2012 net sales of about $738 million, with an expected comparable operating loss in the range of $10 million to $20 million. That compares to 2011’s fourth quarter net sales of $722 million and comparable operating losses of $2 million.