Bullboard - Stock Discussion Forum Lamb Weston Holdings Inc LW

Consumer Defensive Packaged Foods

Lamb Weston Holdings, Inc. is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail, and Other. The Global segment includes frozen potato products sold in North America and international markets generally to the North American based restaurant chains and international... see more

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Lamb Weston Holdings Inc > Lamb Weston’s Amended Credit Agreements

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Post by mdanese on Aug 24, 2021 4:15pm

Lamb Weston’s Amended Credit Agreements

On Aug. 11, the company amended both of its credit agreements. The amendment to the revolver increased its size, to $1 billion from $750 million, extended its maturity and made various changes to the negative covenants. The amendment to the term loan contained conforming changes to the negative covenants in the revolver. Although the revolver and term loan are governed by separate credit agreements, they contain largely identical covenants, including the financial covenants. Read the full analysis here: https://reorg.com/lamb-weston-debt/

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