Bloomberg News

Premier Foods Gets Agreement to Defer Covenant Test Until March

November 07, 2011

Nov. 7 (Bloomberg) -- Premier Foods Plc obtained agreement from its banking syndicate to defer its planned financial covenant test to March from Dec. 31.

“This agreement forms part of the company’s discussions about longer-term refinancing of the group’s debt and confirms ongoing bank support for the business,” the company said today in a Regulatory News Service statement.

The company said in the statement it announced in October that it was in constructive discussions with its banks to put in place refinancing facilities beyond their current maturity of December 2013.

Link to Statement:{NSN LUA3H83HHEDF <GO>}

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net


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