Interstate Wants $50M Added To DIP

Law360, New York (April 3, 2008, 12:00 AM EDT) -- Interstate Bakeries Corp. is seeking an amendment to its debtor-in-possession financing package that would bump its borrowing capacity from $200 million to $250 million in exchange for the bakery giant requesting proposals from interested buyers over the next two weeks.

In a filing with the U.S. Securities and Exchange Commission on Wednesday, the company – best known for Wonder Bread and Twinkies – said it had proposed a fifth amendment to the DIP agreement to its lenders.

According to the filing, the amendment would increase the...
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