Wonder Bread Maker's Ch. 11 Plan Still Baking

Law360, New York (April 21, 2008, 12:00 AM EDT) -- Interstate Bakeries Corp. has reached an agreement to revamp its debtor-in-possession financing package, but the extra $50 million in borrowing capacity has not stopped the maker of Hostess Twinkies and Wonder Bread from asking for more time to put the finishing touches on its reorganization plan.

On Friday, the bakery giant revealed that it had amended the financing commitment with certain existing lenders and a crop of new ones that would replace its current DIP credit facility, which is slated to expire on June 2, 2008....
To view the full article, register now.