0000101063-14-000005.txt : 20140103 0000101063-14-000005.hdr.sgml : 20140103 20140103145717 ACCESSION NUMBER: 0000101063-14-000005 CONFORMED SUBMISSION TYPE: S-4/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20140103 DATE AS OF CHANGE: 20140103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: V.F. Transportation, L.L.C. CENTRAL INDEX KEY: 0001590395 IRS NUMBER: 251855820 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-4/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-193040-01 FILM NUMBER: 14505067 BUSINESS ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 513-980-5000 MAIL ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Chiquita Fresh North America L.L.C. CENTRAL INDEX KEY: 0001590396 IRS NUMBER: 041348580 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-4/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-193040-02 FILM NUMBER: 14505068 BUSINESS ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 980-656-5000 MAIL ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fresh International Corp CENTRAL INDEX KEY: 0001590354 IRS NUMBER: 942258709 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-4/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-193040-05 FILM NUMBER: 14505071 BUSINESS ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 980-636-5000 MAIL ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fresh Express Inc CENTRAL INDEX KEY: 0001590353 IRS NUMBER: 942591533 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-4/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-193040-06 FILM NUMBER: 14505072 BUSINESS ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 980-636-5000 MAIL ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TransFRESH Corp CENTRAL INDEX KEY: 0001590351 IRS NUMBER: 941620943 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-4/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-193040-08 FILM NUMBER: 14505074 BUSINESS ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 980-636-5000 MAIL ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Chiquita Brands L.L.C. CENTRAL INDEX KEY: 0001590258 IRS NUMBER: 311192704 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-4/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-193040-09 FILM NUMBER: 14505075 BUSINESS ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 980-656-5000 MAIL ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHIQUITA BRANDS INTERNATIONAL INC CENTRAL INDEX KEY: 0000101063 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 041923360 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-4/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-193040 FILM NUMBER: 14505066 BUSINESS ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHALOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 9806365000 MAIL ADDRESS: STREET 1: CHIQUITA BRANDS INTERNATIONAL, INC. STREET 2: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 FORMER COMPANY: FORMER CONFORMED NAME: UNITED BRANDS CO DATE OF NAME CHANGE: 19900403 FILER: COMPANY DATA: COMPANY CONFORMED NAME: B C Systems, Inc. CENTRAL INDEX KEY: 0001590352 IRS NUMBER: 860256967 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-4/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-193040-07 FILM NUMBER: 14505073 BUSINESS ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 980-636-5000 MAIL ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Verdelli Farms, Inc. CENTRAL INDEX KEY: 0001590387 IRS NUMBER: 232063194 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-4/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-193040-03 FILM NUMBER: 14505069 BUSINESS ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 980-656-5000 MAIL ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CB Containers, Inc. CENTRAL INDEX KEY: 0001590355 IRS NUMBER: 311317631 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-4/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-193040-04 FILM NUMBER: 14505070 BUSINESS ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 980-636-5167 MAIL ADDRESS: STREET 1: 550 SOUTH CALDWELL STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 S-4/A 1 s-4_a.htm S-4/A S-4_A


As filed with the Securities and Exchange Commission on January 3, 2014
Registration Statement No. 333-193040

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

AMENDMENT NO. 1 TO
FORM S-4
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

CHIQUITA BRANDS INTERNATIONAL, INC.
CHIQUITA BRANDS L.L.C.
(Exact name of registrant as specified in its charter)
 
 
 
 
 
 
 
 
 
 
 
New Jersey
Delaware
 
0100
0100
 
04-1923360
31-1192704
(State or other jurisdiction of
incorporation or organization)
 
(Primary Standard Industrial
Classification Code Number)
 
(I.R.S. Employer
Identification No.)
550 South Caldwell Street
Charlotte, North Carolina 28202
(980) 636-5000
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)

James Thompson, Esq.
Senior Vice President, General Counsel and Secretary
Chiquita Brands International, Inc.
550 South Caldwell Street
Charlotte, North Carolina 28202
(980) 636-5000
(704) 625-9006 (facsimile)
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)

Copies of all communications to:
Bridget C. Hoffman
Taft Stettinius & Hollister LLP
425 Walnut Street, Suite 1800
Cincinnati, Ohio 45202
(513) 381-2838
(513) 381-0205 (facsimile)









Approximate date of commencement of proposed exchange offer: As soon as practicable after this registration statement becomes effective.
If the securities being registered on this form are being offered in connection with the formation of a holding company and there is compliance with General Instruction G, check the following box."
If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering."
If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering."
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
 
 
 
 
 
Large accelerated filer
o
Accelerated filer
ý
 
 
 
 
Non-accelerated filer
o
Smaller reporting company
o
If applicable, please an X in the box to designate the appropriate rule provision relied upon in conducting this transaction:
Exchange Act Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
o  
Exchange Act Rule 14d-1(d) (Cross-Border Third Party Tender Offer)
o


 

CALCULATION OF REGISTRATION FEE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Title of Each Class of Securities to be Registered
 
Amount to Be
Registered
 
Proposed Maximum
Offering Price
Per Unit
 
 
Proposed Maximum
Aggregate
Offering Price(1)
 
Amount of
Registration Fee
7.875% Senior Secured Notes due 2021
 
$
425,000,000
 
100
%
 
$
425,000,000
 
$
54,740.00
    Guarantees of 7.875% Senior Secured Notes due 2021(2)
 
 
N/A
 
N/A
 
 
 
N/A
 
 
N/A(3) 
Total
 
$
425,000,000
 
100
%
 
$
425,000,000
 
$
54,740.00(4)
 
 
 
 
(1)
Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(f) promulgated under the Securities Act of 1933, as amended (the “Securities Act”).
(2)
See inside facing page for table of registrant guarantors.
(3)
Pursuant to Rule 457(n) promulgated under the Securities Act, no separate filing fee is required for the registration of the guarantees.
(4)
Previously paid in connection with the original filing of the registration statement.


__________________________________
The Registrants hereby amend this registration statement on such date or dates as may be necessary to delay its effective date until the Registrants shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until this registration statement






shall become effective on such date as the Securities and Exchange Commission, acting pursuant to Section 8(a), may determine.






TABLE OF ADDITIONAL REGISTRANTS

 
 
 
 
 
Exact Name of Registrant as Specified in its Charter
State or Other Jurisdiction of Incorporation or Organization
Primary Standard Industrial Classification Code Number
IRS Employer Identification Number
BC Systems, Inc.
Delaware
100
86-0256967
CB Containers, Inc.
Delaware
100
31-1317631
Chiquita Fresh North America L.L.C.
Delaware
100
04-1348580
Fresh Express Incorporated
Delaware
100
94-2591533
Fresh International Corp.
Delaware
100
94-2258709
Transfresh Corporation
Delaware
100
94-1620943
V.F. Transportation, L.L.C.
Pennsylvania
100
25-1855820
Verdelli Farms Inc.
Pennsylvania
100
23-2063194
 
 
 
 
(1)The address and phone number of each registrant guarantor is c/o Chiquita Brands International, Inc., 550 South Caldwell Street, Charlotte, NC 28202, (980) 636-5000.


EXPLANATORY NOTE
The Registrants are filing this Amendment No. 1 (this “Amendment”) to the Registration Statement on Form S-4 (Registration No. 333-193040) (the “Registration Statement”) solely for the purpose of filing certain exhibits, as indicated on the exhibit index contained below. The prospectus contained in the Registration Statement is unchanged and has been omitted.









PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 20. Indemnification of Directors and Officers.

Chiquita Brands International, Inc.

The New Jersey Business Corporation Act provides that a New Jersey corporation has the power to indemnify a director or officer against his or her expenses and liabilities in connection with any proceeding involving the director or officer by reason of his or her being or having been such a director or officer, other than a proceeding by or in the right of the corporation, if such a director or officer acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the corporation; and with respect to any criminal proceeding, such director or officer had no reasonable cause to believe his or her conduct was unlawful.
The indemnification and advancement of expenses shall not exclude any other rights, including the right to be indemnified against liabilities and expenses incurred in proceedings by or in the right of the corporation, to which a director or officer may be entitled under a certificate of incorporation, by-law, agreement, vote of shareholders, or otherwise; provided that no indemnification shall be made to or on behalf of a director or officer if a judgment or other final adjudication adverse to the director or officer establishes that his or her acts or omissions (a) were in breach of his or her duty of loyalty to the corporation or its shareholders, (b) were not in good faith or involved a knowing violation of law, or (c) resulted in receipt by the director or officer of an improper personal benefit.
Article Nine of the registrant’s Third Restated Certificate of Incorporation (the “Certificate”) provides directors and officers with the right to indemnification and advancement of expenses to the fullest extent not prohibited by the New Jersey Business Corporation Act. Directors and officers of the registrant are indemnified generally against expenses and liabilities incurred in connection with any proceedings, including proceedings by or on behalf of the registrant, relating to their service to or at the request of the registrant. However, no indemnification may be made if a final adjudication establishes that a person’s acts or omissions (a) breached the person’s duty of loyalty to the registrant or its shareholders, (b) were not in good faith or involved a knowing violation of the law, or (c) resulted in receipt by the person of an improper personal benefit. Article Nine of the Certificate also limits the liability of the registrant’s directors and officers, to the fullest extent permitted by the New Jersey Business Corporation Act, to the registrant or its shareholders for monetary damages for breach of any duty, except in the situations set forth in (a) through (c) above.
In addition, the registrant has obtained liability insurance coverage for its directors and officers, which insures against liabilities that directors and officers may incur while acting in such capacities. These policies contain standard exclusions and endorsements.

The Delaware Limited Liability Companies

Delaware Limited Liability Company Act. Section 18-303(a) of the Delaware Limited Liability Company Act ("DLLCA") provides that, except as otherwise provided by the DLLCA, the debts, obligations and liabilities of a limited liability company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the limited liability company, and no member or manager of a limited liability company shall be obligated personally for any such debt, obligation or liability of the limited liability company solely by reason of being a member or acting as a manager of the limited liability company. Section 18-108 of the DLLCA states that subject to such standards and restrictions, if any, as set forth in its limited liability company agreement, a limited liability company may, and shall have the power to, indemnify and hold harmless any member or manager or other person from and against any and all claims and demands whatsoever.

Chiquita Brands L.L.C.

The Certificate of Formation of Chiquita Brands L.L.C. does not contain any provision regarding the indemnification of managers, directors or officers. In addition to any rights acquired by any statute, agreement or vote of the managers, its Bylaws provide for indemnification of managers and officers unless any liability results from (i) any act or omission of such person that involves actual fraud or willful misconduct or (ii) any transaction from which such person derived improper personal benefit.

II-1





Chiquita Fresh North America L.L.C.,

The Certificate of Formation of Chiquita Fresh North America L.L.C. does not contain any provision regarding the indemnification of managers, directors or officers. In addition to any rights acquired by any statute, agreement or vote of the managers, its operating agreement provides for indemnification of managers and officers unless any liability results from (i) any act or omission of such person that involves actual fraud or willful misconduct or (ii) any transaction from which such person derived improper personal benefit.

The Delaware Corporations

Delaware General Corporation Law. Under the Section 145 of the Delaware General Corporation Law ("DGCL"), a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that he or she is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding (i) if such person acted in good faith and in a manner that person reasonably believed to be in or not opposed to the best interests of the corporation and (ii) with respect to any criminal action or proceeding, if he or she had no reasonable cause to believe such conduct was unlawful. In actions brought by or in the right of the corporation, a corporation may indemnify such person against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit if such person acted in good faith and in a manner that person reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification may be made in respect of any claim, issue or matter as to which that person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery of the State of Delaware or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all circumstances of the case, such person in fairly and reasonably entitled to indemnification for such expenses which the Court of Chancery or other such court shall deem proper. To the extent that such person has been successful on the merits or otherwise in defending any such action, suit or proceeding referred to above or any claim, issue or matter therein, he or she is entitled to indemnification for expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith. The indemnification and advancement of expenses provided for or granted pursuant to Section 145 of the DGCL is not exclusive of any other rights of indemnification or advancement of expenses to which those seeking indemnification or advancement of expenses may be entitled, and a corporation may purchase and maintain insurance against liabilities asserted against any former or current, director, officer, employee or agent of the corporation, or a person who is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, whether or not the power to indemnify is provided by the statute.

BC Systems, Inc., Fresh Express Incorporated, and Transfresh Corporation

The Certificates of Incorporation of the above corporations do not contain provisions regarding the indemnification of directors or officers. In addition to any rights acquired by any statute, agreement or vote of the stockholders or disinterested directors, the Bylaws of the above corporations provide for indemnification of officers and directors to the extent permitted by the Delaware General Corporation Law.

CB Containers, Inc. and Fresh International Corp.

In addition to any rights acquired by any statute, agreement or vote of the stockholders or disinterested directors, the Certificate of Incorporation and Bylaws of the above referenced corporations provide for indemnification of officers and directors to the extent permitted by the Delaware General Corporation Law.


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The Pennsylvania Limited Liability Company

Pennsylvania Limited Liability Company Law. Under Section 8945 of Pennsylvania's Limited Liability Company Law of 1994 (the "PLLCA"), subject to such standards and restrictions, if any, as are set forth in the operating agreement, a limited liability company may and shall have the power to indemnify and hold harmless any member or manager from and against any and all claims and demands whatsoever, except in any case where the act giving rise to the claim for indemnification is determined by a court to have constituted willful misconduct or recklessness. The certificate of organization or operating agreement may not provide for indemnification in the case of willful misconduct or recklessness. Indemnification may be granted for any action taken and may be made whether or not the company would have the power to indemnify the person under any other provision of law except as provided in Section 8945 and whether or not the indemnified liability arises or arose from any threatened, pending or completed action by or in the right of the company. Under the PLLCA, such indemnification is declared to be consistent with the public policy of the Commonwealth of Pennsylvania.

V.F. Transportation, L.L.C.

The Certificate of Formation of V.F. Transportation, L.L.C. does not contain provisions regarding the indemnification of managers. Its Operating Agreement provides for indemnification of managers with respect to company matters, except for fraud, gross negligence, or an intentional breach of the Operating Agreement.

The Pennsylvania Corporation
Pennsylvania Business Corporation Law. Pursuant to Sections 1741-1743 of the Pennsylvania Business Corporation Law ("PABCL"), a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that he or she is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding (i) if such person acted in good faith and in a manner that person reasonably believed to be in or not opposed to the best interests of the corporation and (ii) with respect to any criminal action or proceeding, if he or she had no reasonable cause to believe such conduct was unlawful. In actions brought by or in the right of the corporation, a corporation may indemnify such person against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit if such person acted in good faith and in a manner that person reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification may be made in respect of any claim, issue or matter as to which that person shall have been adjudged to be liable for negligence or misconduct in performance of his duty to the corporation unless, and only to the extent that, the court of common pleas or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all circumstances of the case, such person in fairly and reasonably entitled to indemnification for such expenses which the court of common pleas or such other court shall deem proper. A Pennsylvania corporation is required to indemnify a director or officer against expenses actually and reasonably incurred to the extent that the director or officer is successful in defending a lawsuit brought against him or her by reason of the fact that the director or officer is or was a director or officer of the corporation.
Section 1746 of the PABCL provides that the foregoing provisions shall not be deemed exclusive of any other rights to which a person seeking indemnification may be entitled under, among other things, any by-law provision, provided that no indemnification may be made in any case where the act or failure to act giving rise to the claim for indemnification is determined by a court to have constituted willful misconduct or recklessness.

Verdelli Farms Inc.
The Certificate of Incorporation of Verdelli Farms Inc. does not contain provisions regarding the indemnification of directors or officers. In addition to any rights acquired by any statute, agreement or vote of the shareholders or directors, its Bylaws provide for indemnification of officers and directors to the extent permitted by the PABCL.


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Item 21. Exhibits and Financial Statement Schedules.

Exhibits. See Index of Exhibits for a listing of all exhibits to this Registration Statement. In reviewing the agreements included as exhibits to this Registration Statement, please remember they are included to provide readers with information regarding their terms and are not intended to provide any other factual or disclosure information about any of the parties to the agreements. Agreements included as exhibits may contain representations and warranties by one or more of the parties to the applicable agreement. These representations and warranties have been made solely for the benefit of the other parties to the applicable agreement and:
 
 
 
 
 
 
should not be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate;
 
 
may have been qualified by disclosures that were made to the other parties in connection with the negotiation of the applicable agreement, which disclosures are not necessarily reflected in the agreement;
 
 
may apply standards of materiality in a way that is different from what may be viewed as material to investors; and
 
 
were made only as of the date of the agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments.
Accordingly, these representations and warranties may not describe the actual state of affairs as of the date they were made or at any other time.


* * * * * *
Item 22. Undertakings.
The undersigned registrants hereby undertake:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;
(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant’s annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant

II-4




will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
The undersigned registrant hereby undertakes to respond to requests for information that is incorporated by reference into the prospectus pursuant to Items 4, 10(b), 11, or 13 of this form, within one business day of receipt of such request, and to send the incorporated documents by first class mail or other equally prompt means. This includes information contained in documents filed subsequent to the effective date of the registration statement through the date of responding to the request.
The undersigned registrant hereby undertakes to supply by means of post-effective amendment all information concerning a transaction, and the company being acquired involved therein, that was not the subject of and included in the registration statement when it became effective.



II-5





SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Charlotte, State of North Carolina, on the 3rd day of January, 2014.
 
 
 
 
CHIQUITA BRANDS INTERNATIONAL, INC.
 
 
By:
 
/s/ Joseph B. Johnson
 
 
Name: Joseph B. Johnson
 
 
Title: Vice President and Chief Accounting
Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dated indicated.






 
 
 
 
 
 
Signature
 
Title
 
Date
 
 
 
*
 
Chief Executive Officer and Director
(Principal Executive Officer)
 
January 3, 2014
Edward F. Lonergan
 
 
 
 
 
/s/ Rick P. Frier
 
Senior Vice President and Chief Financial Officer
(Principal Financial Officer)
 
January 3, 2014
Rick P. Frier
 
 
 
 
 
/s/ Joseph B. Johnson
 
Vice President and Chief Accounting Officer
(Principal Accounting Officer)
 
January 3, 2014
Joseph B. Johnson
 
 
 
 
 
*
 
Chairwoman of the Board
 
January 3, 2014
Kerrii B. Anderson
 
 
 
 
 
*
 
Director
 
January 3, 2014
Howard W. Barker, Jr.
 
 
 
 
 
*
 
Director
 
January 3, 2014
Dr. Clare M. Hasler-Lewis
 
 
 
 
 
*
 
Director
 
January 3, 2014
Craig E. Huss
 
 
 
 
 
*
 
Director
 
January 3, 2014
Jeffrey N. Simmons
 
 
 
 
 
*
 
Director
 
January 3, 2014
Steven P. Stanbrook
 
 
 
 
 
 
 
*
 
 
 
 
Ronald V. Waters III
 
Director
 
January 3, 2014
 
 
 
 
 
* /s/ Rick P. Frier
 
 
 
January 3, 2014
By: Rick P. Frier, Attorney in Fact
 
 
 
 
 
 








SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Charlotte, State of North Carolina, on the 3rd day of January, 2014.
 
 
 
 
CHIQUITA BRANDS L.L.C.
 
 
By:
 
/s/ Joseph B. Johnson
 
 
Name: Joseph B. Johnson
 
 
Title: Vice President and Chief Accounting
Officer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dated indicated.
 
 
 
 
 
 
Signature
 
Title
 
Date
 
 
 
*
 
President and Chief Executive Officer

 
January 3, 2014
Edward F. Lonergan
 
 
 
 
 
/s/ Rick P. Frier
 
Senior Vice President and Chief Financial Officer

 
January 3, 2014
Rick P. Frier
 
 
 
 
 
/s/ Joseph B. Johnson
 
Manager
 
January 3, 2014
Joseph B. Johnson
 
 
 
 
 
*
 
Manager
 
January 3, 2014
Brian W. Kocher
 
 
 
 
 
*
 
Manager
 
January 3, 2014
R. Christopher Dugan
 
 
 
 
 
 
 
 
 
* /s/ Rick P. Frier
 
 
 
January 3, 2014
By: Rick P. Frier, Attorney in Fact
 
 
 
 







SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Charlotte, State of North Carolina, on the 3rd day of January, 2014.
 
 
 
 
BC SYSTEMS, INC.
 
 
By:
 
/s/ Joseph B. Johnson
 
 
Name: Joseph B. Johnson
 
 
Title: Vice President and Treasurer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dated indicated.
 
 
 
 
 
 
Signature
 
Title
 
Date
 
 
 
*
 
President and Director
 
January 3, 2014
Christopher D. Hill
 
 
 
 
 
/s/ Rick P. Frier
 
Vice President
 
January 3, 2014
Rick P. Frier
 
 
 
 
 
/s/ Joseph B. Johnson
 
Vice President, Treasurer and Director

 
January 3, 2014
Joseph B. Johnson
 
 
 
 
 
*
 
Director
 
January 3, 2014
Brian W. Kocher
 
 
 
 
 
 
 
* /s/ Rick P. Frier
 
 
 
January 3, 2014
By: Rick P. Frier, Attorney in Fact
 
 
 
 






SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Charlotte, State of North Carolina, on the 3rd day of January, 2014.
 
 
 
 
CB CONTAINERS, INC.
 
 
By:
 
/s/ Joseph B. Johnson
 
 
Name: Joseph B. Johnson
 
 
Title: Vice President and Treasurer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dated indicated.
 
 
 
 
 
 
Signature
 
Title
 
Date
 
 
 
*
 
President and Director
 
January 3, 2014
Mario Pacheco
 
 
 
 
 
/s/ Rick P. Frier
 
Vice President

 
January 3, 2014
Rick P. Frier
 
 
 
 
 
/s/ Joseph B. Johnson
 
Vice President, Treasurer and Director

 
January 3, 2014
Joseph B. Johnson
 
 
 
 
 
*
 
Vice President and Director

 
January 3, 2014
Brian W. Kocher
 
 
 
 
 
 
 
* /s/ Rick P. Frier
 
 
 
January 3, 2014
By: Rick P. Frier, Attorney in Fact
 
 
 
 








SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Charlotte, State of North Carolina, on the 3rd day of January, 2014.
 
 
 
 
CHIQUITA FRESH NORTH AMERICA L.L.C.
 
 
By:
 
/s/ Joseph B. Johnson
 
 
Name: Joseph B. Johnson
 
 
Title: Vice President and Treasurer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dated indicated.

 
 
 
 
 
 
Signature
 
Title
 
Date
 
 
 
*
 
President and Manager
 
January 3, 2014
R. Christopher Dugan
 
 
 
 
 
/s/ Rick P. Frier
 
Vice President

 
January 3, 2014
Rick P. Frier
 
 
 
 
 
/s/ Joseph B. Johnson
 
Vice President, Treasurer and Manager

 
January 3, 2014
Joseph B. Johnson
 
 
 
 
 
*
 
Vice President and Manager

 
January 3, 2014
Brian W. Kocher
 
 
 
 
 
 
 
* /s/ Rick P. Frier
 
 
 
January 3, 2014
By: Rick P. Frier, Attorney in Fact
 
 
 
 







SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Charlotte, State of North Carolina, on the 3rd day of January, 2014.
 
 
 
 
FRESH EXPRESS INCORPORATED
 
 
By:
 
/s/ Joseph B. Johnson
 
 
Name: Joseph B. Johnson
 
 
Title: Vice President and Treasurer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dated indicated.
 
 
 
 
 
 
Signature
 
Title
 
Date
 
 
 
*
 
President and Director
 
January 3, 2014
Christopher D. Hill
 
 
 
 
 
/s/ Rick P. Frier
 
Vice President

 
January 3, 2014
Rick P. Frier
 
 
 
 
 
/s/ Joseph B. Johnson
 
Vice President, Treasurer and Director

 
January 3, 2014
Joseph B. Johnson
 
 
 
 
 
*
 
Vice President and Director

 
January 3, 2014
Brian W. Kocher
 
 
 
 
 
 
 
* /s/ Rick P. Frier
 
 
 
January 3, 2014
By: Rick P. Frier, Attorney in Fact
 
 
 
 






SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Charlotte, State of North Carolina, on the 3rd day of January, 2014.
 
 
 
 
FRESH INTERNATIONAL CORP.
 
 
By:
 
/s/ Joseph B. Johnson
 
 
Name: Joseph B. Johnson
 
 
Title: Vice President and Treasurer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dated indicated.
 
 
 
 
 
 
Signature
 
Title
 
Date
 
 
 
*
 
President and Director
 
January 3, 2014
Christopher D. Hill
 
 
 
 
 
/s/ Rick P. Frier
 
Vice President

 
January 3, 2014
Rick P. Frier
 
 
 
 
 
/s/ Joseph B. Johnson
 
Vice President, Treasurer and Director

 
January 3, 2014
Joseph B. Johnson
 
 
 
 
 
*
 
Vice President and Director

 
January 3, 2014
Brian W. Kocher
 
 
 
 
 
 
 
* /s/ Rick P. Frier
 
 
 
January 3, 2014
By: Rick P. Frier, Attorney in Fact
 
 
 
 







SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Charlotte, State of North Carolina, on the 3rd day of January, 2014.
 
 
 
 
TRANSFRESH CORPORATION
 
 
By:
 
/s/ Joseph B. Johnson
 
 
Name: Joseph B. Johnson
 
 
Title: Vice President and Treasurer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dated indicated.
 
 
 
 
 
 
Signature
 
Title
 
Date
 
 
 
*
 
President and Director
 
January 3, 2014
Christopher D. Hill
 
 
 
 
 
/s/ Rick P. Frier
 
Vice President

 
January 3, 2014
Rick P. Frier
 
 
 
 
 
/s/ Joseph B. Johnson
 
Vice President, Treasurer and Director

 
January 3, 2014
Joseph B. Johnson
 
 
 
 
 
*
 
Vice President and Director

 
January 3, 2014
Brian W. Kocher
 
 
 
 
 
 
 
* /s/ Rick P. Frier
 
 
 
January 3, 2014
By: Rick P. Frier, Attorney in Fact
 
 
 
 

 






SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Charlotte, State of North Carolina, on the 3rd day of January, 2014.
 
 
 
 
VERDELLI FARMS, INC.
V.F. TRANSPORTATION, L.L.C.
 
 
By:
 
/s/ Joseph B. Johnson
 
 
Name: Joseph B. Johnson
 
 
Title: Vice President and Treasurer
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dated indicated.
 
 
 
 
 
 
Signature
 
Title
 
Date
 
 
 
*
 
President and Director
 
January 3, 2014
Christopher D. Hill
 
 
 
 
 
/s/ Rick P. Frier
 
Vice President

 
January 3, 2014
Rick P. Frier
 
 
 
 
 
/s/ Joseph B. Johnson
 
Vice President, Treasurer and Director

 
January 3, 2014
Joseph B. Johnson
 
 
 
 
 
*
 
Vice President and Director

 
January 3, 2014
Brian W. Kocher
 
 
 
 
 
 
 
* /s/ Rick P. Frier
 
 
 
January 3, 2014
By: Rick P. Frier, Attorney in Fact
 
 
 
 













EXHIBIT INDEX
Index of Exhibits
As explained in more detail in Item 21, readers should note that exhibits are included to provide information about the terms of the agreements and are not intended to provide information about the parties to those agreements
 
 
 
 
 
 
 
Exhibit
Number
 
Description

*3.1
 
Third Restated Certificate of Incorporation (Exhibit 1 to Form 8-A filed March 12, 2002)
*3.2
 
Restated Bylaws, as amended through September 21, 2007. (Exhibit 3.1 to Current Report on Form 8-K filed September 27, 2007)
**3.3
 
Certificate of Formation of Chiquita Brands L.L.C.
**3.4
 
Operating Agreement and Bylaws of Chiquita Brands L.L.C.
**3.5
 
Certificate of Formation of Chiquita Fresh North America L.L.C.
**3.6
 
Operating Agreement of Chiquita Fresh North America L.L.C.
**3.7
 
Certificate of Incorporation of CB Containers, Inc.
**3.8
 
Bylaws of CB Containers, Inc.
**3.9
 
Certificate of Incorporation of Fresh International Corp.
**3.10
 
Bylaws of Fresh International Corp.
**3.11
 
Certificate of Incorporation of Fresh Express Incorporated
**3.12
 
Bylaws of Fresh Express Incorporated
**3.13
 
Certificate of Incorporation of BC Systems, Inc.
**3.14
 
Bylaws of BC Systems, Inc.
**3.15
 
Certificate of Incorporation of Transfresh Corporation
**3.16
 
Bylaws of Transfresh Corporation
 
**3.17
 
Certificate of Incorporation of Verdelli Farms, Inc.
**3.18
 
Bylaws of Verdelli Farms, Inc.
**3.19
 
Certificate of Formation of V.F. Transportation, L.L.C.
**3.20
 
Operating Agreement of V.F. Transportation, L.L.C.
*4.1
 
Indenture, dated as of February 5, 2013 between the Issuers, the guarantors named therein and Wells Fargo Bank, National Association, as trustee, relating to $425 million aggregate principal amount of 7.875% Senior Notes due 2021 (Exhibit 4.1 to Current Report on Form 8-K filed February 8, 2013)
*4.2
 
Registration Rights Agreement, dated as of February 5, 2013 between the Issuers, the guarantors named therein and Merrill Lynch, Pierce Fenner & Smith, Incorporated, as representative of the Initial Purchasers of the Company’s 7.875% Senior Notes due 2021 (Exhibit 4.2 to Current Report on Form 8-K filed February 8, 2013)
**4.3
 
Security Agreement, dated as of February 5, 2013 between the Issuers, the guarantors named therein and Wells Fargo Bank, National Association, as trustee





**4.4
 
Intercreditor Agreement, dated as of February 5, 2013 between the Issuers, the guarantors named therein and Wells Fargo Bank, National Association, as trustee
5.1
 
Opinion of Taft Stettinius & Hollister LLP
5.2
 
Opinion of McCarter & English, LLP
*10.1
 
Credit Agreement dated as of February 5 , 2013, among Chiquita Brands International, Inc., Chiquita Brands L.L.C., certain financial institutions as lenders, and Wells Fargo Bank, National Association, as administrative agent, letter of credit issuer, swing line lender, lead arranger and bookrunner (Exhibit 10.1 to Current Report on Form 8-K filed February 8, 2013)
**12
 
Computation of Ratio of Earnings to Fixed Charges
**23.1
 
Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm
**23.2
 
Consent of PricewaterhouseCoopers Audit SA, Independent Accountants, relating to financial statements of Danone Chiquita Fruits SAS
23.3
 
Consent of Taft Stettinius & Hollister LLP (incorporated in Exhibit 5.1)
23.4
 
Consent of McCarter & English, LLP (incorporated in Exhibit 5.2)
**24
 
Powers of Attorney (included in signature pages)
**25
 
Statement of Eligibility of Trustee
**99.1
 
Form of Letter of Transmittal
**99.2
 
Form of Letter to Clients
**99.3
 
Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees

 
 
*
Incorporated by reference
**
Filed with original registration statement filed December 23, 2013



EX-5.1 2 exhibit51taftopinions-4_a.htm EXHIBIT Exhibit51TaftOpinionS-4_A
Exhibit 5.1
Taft Stettininius & Hollister LLP
425 Walnut Street, Suite 1800
Cincinnati, Ohio 45202



                            
January 3, 2014
Chiquita Brands International, Inc.
550 South Caldwell Street
Charlotte, NC 28202

 
Re:
Chiquita Brands International, Inc., Chiquita Brands L.L.C. and the Subsidiary Guarantors listed in the
 
 
Registration Statement on Form S-4

Ladies and Gentlemen:
We have acted as special counsel to Chiquita Brands International, Inc., a New Jersey corporation (“CBII”), Chiquita Brands L.L.C., a Delaware limited liability company (“CBLLC, and together with CBII, the “Issuers”), and the subsidiary guarantors listed on Exhibit A hereto in connection with the public offering of up to $425,000,000 aggregate principal amount of the Issuers’ 7.875% Senior Secured Notes due 2021, which have been registered under the Securities Act of 1933, as amended (the “Securities Act”) (the “New Notes”). The New Notes are to be issued pursuant to an exchange offer (the “Exchange Offer”) to exchange the New Notes for a like principal amount of the Issuers’ issued and outstanding 7.875% Senior Secured Notes due 2021 (the “Old Notes”), under the Indenture, dated as of February 5, 2013 (the “Indenture”), by and among the Issuers, the Subsidiary Guarantors (as defined below) and Wells Fargo Bank, N.A., as Trustee (the “Trustee”), which provides for the guarantee of the New Notes by certain subsidiaries of the CBII incorporated or formed pursuant to the laws of the State of Delaware or the Commonwealth of Pennsylvania, and listed on Exhibit A hereto (the “Subsidiary Guarantors”) to the extent set forth in the Indenture (guarantees by the Subsidiary Guarantors are referred to herein as the “Subsidiary Guarantees”), and as contemplated by the Registration Rights Agreement, dated as of February 5, 2013 (the “Registration Rights Agreement”), each by and among the Issuers, the Subsidiary Guarantors and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as the representative of the initial purchasers.
This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act.
In connection with this opinion, we have examined originals or copies, certified or otherwise identified to our satisfaction, of: (i) the Registration Statement on Form S-4 relating to the New Notes and the Subsidiary Guarantees filed by the Issuers with the Securities and Exchange Commission (the “Commission”) on the date hereof (the “Registration Statement”); (ii) an executed copy of the Registration Rights Agreement; (iii) an executed copy of the Indenture; (iv) a copy of the certificate of incorporation, certificate of formation, certificate of organization or other formation document, as applicable, in each case as amended and in effect on the date hereof, of each of the Issuers and the Subsidiary Guarantors; (viii) a copy of the bylaws, operating agreement, or other governing document, as applicable, in each case as amended and in effect on the date hereof, of each of the Issuers and the Subsidiary Guarantors; (ix) copies of certain resolutions of the Board of Directors of the CBII and of the Board of Managers of CBLLC, each adopted on January 25, 2013, relating to the Exchange Offer, the issuance of the Old Notes and the New Notes, the Indenture and related matter; (x) copies of actions by written consent of the Board of Directors or Managers of each of the Subsidiary Guarantors, dated January 28, 2013, relating to the Exchange Offer, the Indenture, the Subsidiary Guarantees and related matters; (xi) the Form T-1 of the Trustee to be filed as an exhibit to the Registration Statement; and (xii) the form of the New Notes, included as an exhibit to the Indenture.
We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Issuers and the Subsidiary Guarantors and such agreements, certificates of public officials, certificates of officers or other representatives of the Issuers, the Subsidiary Guarantors and others, and such other documents, certificates and records as we have deemed necessary or appropriate as a basis for the opinions set forth herein.




January 3, 2014
Page 2



In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified, conformed or photostatic copies and the authenticity of the originals of such latter documents. In making our examination of executed documents or documents to be executed, we have assumed that the parties thereto, other than the Issuers and the Subsidiary Guarantors, had or will have the power, corporate or other, to enter into and perform all obligations thereunder and have also assumed the due authorization by all requisite action, corporate or other, and execution and delivery by such parties of such documents, and except as to Subsidiary Guarantors with respect to the Subsidiary Guarantees, the validity and binding effect on such parties. We also have assumed that the terms of the New Notes and the Subsidiary Guarantees have been established so as not to, and that the execution and delivery by the Issuers and the Subsidiary Guarantors of the Indenture, the Subsidiary Guarantees and New Notes and the performance of their obligations thereunder, do not and will not violate, conflict with or constitute a default under (i) any law, rule, or regulation to which the Issuers, the Subsidiary Guarantors or any of their properties are subject (except that we do not make the assumption set forth in this clause (i) with respect to the Opined on Law (as defined below)), (ii) any judicial or regulatory order or decree of any governmental authority (except that we do not make the assumption set forth in this clause (ii) with respect to the Opined on Law) or (iii) any consent, approval, license, authorization or validation of, or filing, recording or registration with, any governmental authority (except that we do not make the assumption set forth in this clause (iii) with respect to the Opined on Law). As to any facts material to the opinions expressed herein which we have not independently established or verified, we have relied upon statements and representations of officers and other representatives of the Issuers, the Subsidiary Guarantors and others.
We do not express any opinion as to any laws other than the laws of the State of New York, the General Corporation Law of the State of Delaware, the Delaware Limited Liability Company Act (the “DLLCA”), the Commonwealth of Pennsylvania Business Corporation Law, the Pennsylvania Limited Liability Company Law (“PLLCL”) and, to the extent that judicial or regulatory orders or decrees or consents, approvals, licenses, authorizations, validations, filings, recordings or registrations with governmental authorities are relevant, to those required under such laws (all of the foregoing being referred to as “Opined on Law”). We do not express any opinion with respect to the law of any jurisdiction other than Opined on Law or as to the effect of any such non-Opined on Law on the opinions herein. The opinions expressed herein are based on laws in effect on the date hereof, which laws are subject to change with possible retroactive effect.
The opinion set forth below is subject to the following qualifications, further assumptions and limitations: (a) the validity or enforcement of any agreements or instruments may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer, preference and other similar laws affecting creditors’ rights generally, and by general principles of equity (regardless of whether enforcement is sought in equity or at law); (b) we do not express any opinion as to the applicability or effect of any fraudulent transfer, preference or similar law on the New Notes or the Subsidiary Guarantees; (c) to the extent that any opinion relates to the enforceability of the choice of New York law and choice of New York forum provisions contained in the Indenture, the Registration Rights Agreement, or the Subsidiary Guarantees, the opinions stated herein are subject to the qualification that such enforceability may be subject to, in each case, (i) the exceptions and limitations in New York General Obligations Law sections 5-1401 and 5-1402 and (ii) principles of comity or constitutionality; and (d) in light of the decision in Official Comm. of Unsecured Creditors of Tousa, Inc. v. Citicorp N. Am., Inc. (In re Tousa, Inc.), 422 B.R. 783, 2009 Bankr. LEXIS 4355 (Bankr. S.D. Fla. 2009), we express no opinion as to the enforceability of the provisions contained in Section 13.01 of the Indenture to the extent that such provisions limit the obligation of the Subsidiary Guarantors bound by such savings clause under such agreement or any right of contribution of any party with respect to such Subsidiary Guarantees.
Based upon and subject to the foregoing and the limitations, qualifications, exceptions and assumptions set forth herein, we are of the opinion that when the Registration Statement, as finally amended, has become effective under the Securities Act and the New Notes (in the form examined by us) have been duly executed and authenticated in accordance with the terms of the Indenture and have been delivered upon consummation of the Exchange Offer against receipt of Old Notes surrendered in exchange therefor in accordance with the terms of the Indenture, the Registration Rights Agreement and the Exchange Offer, the New Notes and Subsidiary Guarantees will constitute valid and binding obligations of the Issuers and each of the Subsidiary Guarantors, respectively, enforceable against the Issuers and each of the Subsidiary Guarantors, respectively, in accordance with their terms.




January 3, 2014
Page 3



We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to our firm under the caption “Legal Matters” in the Registration Statement. In giving this consent, we do not admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the SEC issued thereunder. This opinion is expressed as of the date hereof unless otherwise expressly stated, and we disclaim any undertaking to advise you of any subsequent changes of the facts stated or assumed herein or any subsequent changes in applicable law.

Very truly yours,

/s/ Taft Stettinius & Hollister LLP



Exhibit A
Subsidiary Guarantors

Subsidiary Guarantor
State of Incorporation or Organization
BC Systems, Inc.
Delaware
CB Containers, Inc.
Delaware
Chiquita Fresh North America L.L.C.
Delaware
Fresh Express Incorporated
Delaware
Fresh International Corp.
Delaware
Transfresh Corporation
Delaware
V.F. Transportation, L.L.C.
Pennsylvania
Verdelli Farms Inc.
Pennsylvania



EX-5.2 3 exhibit52meopinions-4_a.htm EXHIBIT Exhibit52MEOpinionS-4_A
Exhibit 5.2
McCarter & English, LLP
Four Gateway Center
100 Mulberry Street
Newark, NJ 07102-4056




January 3, 2014
Chiquita Brands International, Inc.
550 South Caldwell Street
Charlotte, NC 28202

Re:    Chiquita Brands International, Inc.
Registration Statement on Form S-4

Ladies and Gentlemen:
We have acted as special New Jersey counsel to Chiquita Brands International, Inc., a New Jersey corporation (the “Company”), in connection with the Registration Statement on Form S-4 (the “Exchange Offer Registration Statement”), to be filed on the date hereof by the Company with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended, (the “Act”). The Exchange Offer Registration Statement relates to, among other things, the offer to exchange $425,000,000 aggregate principal amount of 7.875% Senior Notes due 2021 (the “Old Notes”) for $425,000,000 aggregate principal amount of 7.875% Senior Secured Notes due 2021 (the “Exchange Notes”). The Exchange Notes are being issued under the Indenture dated as of February 5, 2013 (the “Indenture”) entered into by and among the Company, Chiquita Brands L.L.C., the guarantors party thereto, and Wells Fargo Bank, National Association, as trustee (in such capacity, the “Trustee”) and as collateral agent.
This opinion is being delivered in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Act.
In connection with this opinion, we have examined originals or copies, certified or otherwise identified to our satisfaction, of:
(i)
the Exchange Offer Registration Statement relating to the Exchange Notes;
(ii)
the Third Restated Certificate of Incorporation of the Company, as amended to the date hereof (the “Amended and Restated Certificate of Incorporation”);
(iii)
the Restated By-laws of the Company, as currently in effect (the “Restated By-laws”);
(iv)
the Indenture, and the form of note included therein, filed as an exhibit to Current Report on Form 8-K filed February 8, 2013 and incorporated by reference as an exhibit to the Exchange Offer Registration Statement;
(v)
the Registration Rights Agreement dated as of February 5, 2013 (the “Registration Rights Agreement”), filed as an exhibit to Current Report on Form 8-K filed February 8, 2013 and incorporated by reference as an exhibit to the Exchange Offer Registration Statement; and
(vi)
certain resolutions adopted by the Board of Directors of the Company (the “Board of Directors”) on January 25, 2013 relating to, among other things, the Exchange Offer and the Exchange Notes.




Chiquita Brands International, Inc.
January 3, 2013
Page 2

We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Company and such agreements, certificates of public officials, certificates of officers or other representatives of the Company, and such other documents, certificates and records as we have deemed necessary or appropriate as a basis for the opinions set forth herein.
In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified, conformed, photostatic, electronic or facsimile copies and the authenticity of the originals of such copies. As to any facts material to the opinions expressed herein which were not independently established or verified, we have relied upon oral or written statements and representations of officers and other representatives of the Company and others. In making our examination of executed documents or documents to be executed, we have assumed that the parties thereto, other than the Company, had or will have the power, corporate or otherwise, to enter into and perform all obligations thereunder and have also assumed the due authorization by all requisite action, corporate or other, and the execution and delivery by such parties of such documents, and, as to parties including the Company, the validity and binding effect on such parties. We have assumed that any Exchange Notes that may be issued will be manually signed or countersigned, as the case may be, by duly authorized officers of the Trustee. In addition, we have also assumed that the terms of the Exchange Notes will have been established so as not to, and that the execution and delivery by the Company of, and the performance of its obligations under, the Indenture and the Exchange Notes will not, violate, conflict with or constitute a default under (i) any law, rule or regulation to which the Company is subject (except that we do not make the assumption set forth in this clause (i) with respect to the Opined on Law (as defined below)), (ii) any judicial or regulatory order or decree of any governmental authority (except that we do not make the assumption set forth in this clause (ii) with respect to the Opined on Law) or (iii) any consent, approval, license, authorization or validation of, or filing, recording or registration with any governmental authority (except that we do not make the assumption set forth in this clause (iii) with respect to the Opined on Law).
Our opinions set forth below are limited to the New Jersey Business Corporation Act (the “NJBCA”) and to the extent that judicial or regulatory orders or decrees or consents, approvals, licenses, authorizations, validations, filings, recordings or registrations with governmental authorities are relevant, to those required under the NJBCA (all of the foregoing being referred to as “Opined on Law”). We do not express any opinion with respect to the law of any jurisdiction other than the Opined on Law or as to the effect of any such non-Opined on Law on the opinions herein stated. Further, we have assumed that the Indenture has been and continues to be qualified under the Trust Indenture Act of 1939, as amended. Except as provided herein, we have assumed that each of the parties to the Registration Rights Agreement has complied with its obligations set forth therein as of the date hereof in respect of the Exchange Offer (as such term is defined in the Registration Rights Agreement). This opinion is limited to the laws, including the rules and regulations, as in effect on the date hereof, which laws are subject to change with possible retroactive effect.
Based upon and subject to the foregoing and to the other qualifications and limitations set forth herein, we are of the opinion that:
1.
When (i) the Exchange Offer Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Act; and (ii) the




Chiquita Brands International, Inc.
January 3, 2013
Page 3

Exchange Notes have been duly executed and authenticated in accordance with the provisions of the Indenture and duly delivered to the purchasers thereof upon delivery by such purchasers of a like principal amount of Old Notes as consideration therefor, the Exchange Notes, when issued and sold in accordance with the Indenture, will be duly authorized.
2.
The Company is validly existing as a corporation in good standing under the laws of the State of New Jersey. Subject to the assumptions and qualifications set forth in paragraph 1 of this opinion, the Company will have the corporate power and authority to enter into and perform its obligations under the Exchange Notes.

We hereby consent to the filing of this opinion with the Commission as an exhibit to the Exchange Offer Registration Statement. We also hereby consent to the use of our name under the heading “Legal Matters” in the prospectus which forms a part of the Exchange Offer Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission promulgated thereunder. This opinion is expressed as of the date hereof unless otherwise expressly stated, and we disclaim any undertaking to advise you of any subsequent changes in the facts stated or assumed herein or of any subsequent changes in applicable laws.

Very truly yours,


/s/ McCarter & English, LLP______________
McCARTER & ENGLISH, LLP