Category: Bankruptcy Updates

AFA Foods Files for Chapter 11; GE, BofA to Provide DIP Loan

AFA Foods announced that, given recent changes in the market for its ground beef products and the impact of media coverage related to Boneless Lean Beef Trimmings, which has commonly become known as pink slime, the company filed for Chapter 11. Current lenders, GE Capital and Bank of America will provide DIP financing.