5. The Company completed the closing of a new five year revolving credit facility (“Revolver”) on July 20, 2011. Available borrowings under the Revolver total $250,000,000 from April through July and $350,000,000 from August through March. The Revolver balance as of October 1, 2011 was $237,413,000 and is included in Long-Term Debt in the accompanying Condensed Consolidated Balance Sheet due to its five year term. At October 2, 2010 and March 31, 2011 the Revolver was classified as Current Portion of Long-Term Debt due to the prior revolving credit agreement's August 18, 2011 expiration date. The Company utilizes its Revolver for general corporate purposes, including seasonal working capital needs, to pay debt principal and interest obligations, and to fund capital expenditures and acquisitions. Seasonal working capital needs are affected by the growing cycles of the vegetables and fruits the Company processes. The majority of vegetable and fruit inventories are produced during the months of June through November and are then sold over the following year. Payment terms for vegetable and fruit produce are generally three months but can vary from a few days to seven months. Accordingly, the Company's need to draw on the Revolver may fluctuate significantly throughout the year.

The increases in average amounts of Revolver borrowings during the year-to-date period of fiscal 2012 compared to the year-to-date period of fiscal 2011 were attributable to the acquisition of Lebanon Valley Cold Storage, LP and the assets of Unilink, LLC discussed in Note 2.

General terms of the Revolver include payment of interest at LIBOR plus a defined spread.

The following table documents the quantitative data for Revolver borrowings during the second quarter and year-to-date periods of fiscal 2012 and fiscal 2011:

		Second Quarter						Year-to-Date
	2012			2011			2012			2011
		(In thousands)						(In thousands)
Reported end of period:
Outstanding borrowings	$	237,413		$	195,000		$	237,413		$	195,000
Weighted average interest rate		1.73	%		1.51	%		1.73	%		1.51	%
Reported during the period:
Maximum amount of borrowings	$	243,067		$	207,262		$	243,067		$	207,262
Average outstanding borrowings		159,968			150,550			138,240			122,222
Weighted average interest rate		1.62	%		1.56	%		1.47	%		1.46	%