WINSTON-SALEM N.C. Krispy Kreme Doughnuts Inc. said Wednesday that it has secured with its lenders more relaxed credit facility covenants, but that interest rates would rise on both its $76.1 million term loan and $20.3 million outstanding letters of credit. The amendments were not outlined, but Krispy Kreme said the interest rate on its term loan will increase 2 percentage points to LIBOR plus 5.50 percent. LIBOR is the London interbank offer rate, or the rate at which banks ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!