BRIEF-Pilgrim's Pride agrees with lenders on temporary covenant waiver
NEW YORK, Sep 29, 2008 (Thomson Financial via COMTEX) -- By Staff Reporter
Sept 29 (Reuters) - Pilgrim's Pride Corp:
* Announces definitive written agreement with lenders on temporary covenant
waiver
* Says lenders also have agreed to continue to provide liquidity under these
credit facilities during this same 30-day period
* Says has engaged Lazard as investment banker to provide strategic advice
regarding refinancing and recapitalization opportunities
* Says has retained Bain Corporate Renewal Group to work with management on
range of strategic issues, operational improvement
* Says does not expect significant hedging gains or losses to be recognized
beyond Q4 2008
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
Chuck Mikolajczak cm
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Related terms: corporate, equity, investment, refinancing
