Krispy Kreme gets relaxed debt terms with higher fees

WINSTON-SALEM N.C. Krispy Kreme Doughnuts Inc. said Wednesday that it has secured with its lenders more relaxed credit facility covenants, but that interest rates would rise on both its $76.1 million term loan and $20.3 million outstanding letters of credit.

 

The amendments were not outlined, but Krispy Kreme said the interest rate on its term loan will increase 2 percentage points to LIBOR plus 5.50 percent. LIBOR is the London interbank offer rat

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