Krispy Kreme Doughnuts, Inc. (KKD) Message Board

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Non-Tech : Krispy Kreme Doughnuts, Inc. (KKD)

KKD 21.00

0.0%

Aug 4 4:00 PM EDT

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From: redfish	4/4/2005 9:04:04 AM
	of 1001

Krispy Kreme Gets Debt Financing Monday April 4, 8:42 am ET NEW YORK (Reuters) - Struggling doughnut chain Krispy Kreme Doughnuts Inc. on Monday said it received $225 million in financing from three separate credit facilities. The facilities were arranged by Credit Suisse First Boston and Silver Point Finance LLC, the company said in a statement. Krispy Kreme, based in Winston-Salem, North Carolina, avoiding defaulting on a $150 million credit facility in March after its lenders agreed to give the company more time to file its long-delayed financial statements. The company has faced speculation this year that it may be forced into bankruptcy if it is unable to cover bad loans made to struggling franchisees.

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