Krispy Kreme asks lenders to ease debt terms

WINSTON-SALEM N.C. Krispy Kreme Doughnuts Inc. said Tuesday it has asked its lenders to relax credit covenants that are expected to become “more stringent” in the current year.

The company said it has proposed credit facility amendments but did not detail the changes. It added that even with beneficial changes the company’s cost of credit will increase this year. Krispy Kreme said it expected to attain the amendments but that it does not have any assurances

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