TITLE

The Pantry Restructures Debt Program

PUB. DATE
February 2006
SOURCE
Convenience Store News;2/13/2006, Vol. 42 Issue 2, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the Pantry Inc., which is the largest convenience chain in the southeastern United States. Recently Pantry completed a reprising and renegotiation of certain terms of its senior secured credit facilities, including a term loan with a remaining balance of $205 million, as well as a $150 million revolving-credit facility. The term of the credit facilities was extended to January 2012, and annual principal repayments were reduced from $16 million to $2 million. The Pantry will incur a $1.9 million pre-tax charge in its first fiscal quarter in connection with the refinancing of its term loan.
ACCESSION #
19819912

 

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