By Ronan Hegarty2007-08-25T00:00:00+01:00
The banks propping up Premier Foods have agreed to postpone a crucial test of the manufacturer s finances. Premier today said it had struck a deal with its lenders to postpone the test from 31 December to 31 March next year buying further time for a refinancing deal ...
Premier Foods chief operating officer Tim Kelly is to leave the company following a management reshuffle.
Premier Foods has appointed PricewaterhouseCoopers to assist it in talks with lenders about a potential refinancing plan. PwC had been a retained advisor to the company for several years and was the obvious choice to help Premier engage with its banks to reset certain covenants, the manufacturing giant ...
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