Pierre Foods Grabs DIP From Existing Lender

Pierre Foods received a commitment for a debtor-in-possession financing from one if its existing lenders, Oaktree Capital Management.

  • 18 Jul 2008
Pierre Foods received a commitment for a debtor-in-possession financing from one if its existing lenders, Oaktree Capital Management. The Cincinnati, Ohio-based processed food maker filed for Chapter 11 last Tuesday. The financing consists of a $35 million DIP revolver which bears interest at LIBOR plus 550 basis points ...

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