Processed Food Maker Trips Covenants

Pierre Foods breached financial covenants on its Wachovia Securities-led $190 million senor credit facility, the Cincinnati, Ohio-based processed food maker announced last Monday.

  • 06 Jun 2008
Pierre Foods breached financial covenants on its Wachovia Securities-led $190 million senor credit facility, the Cincinnati, Ohio-based processed food maker announced last Monday. The company is currently working with its lenders to address the covenant default and has hired Perella Weinberg Partners as financial advisors to evaluate its ...

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