Lower price for Centerplate helps Kohlberg secure financing

STAMFORD Conn. Weakness in the credit markets has forced Centerplate Inc. and its pending buyer, Kohlberg & Co., to modify their acquisition agreement by reducing the purchase price and amending credit terms. The moves helped Kohlberg, a private-equity firm based in Mount Kisco, N.Y., to secure the needed financing for the deal, which is now valued between $210 and $223 million, according to a spokeswoman for Centerplate, the sports and entertainment concessionaire, based her

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